Also in this playlist...
This transcript is automatically generated
All right so after five weeks of gains for the Dow stocks stumbling a bit today so where's our next guest telling his clients to invest mark -- Tennessee.
The land and wealth management which is 225 million dollars in assets under management various Marc welcome.
She Rick how does your today are rates so what are you doing today we do with your own investments are telling clients to do because it -- run up.
Here in the month of October were really consolidating a bit today.
We are -- you know on this this market recoveries not gonna be in a straight line so this is so -- be expected today.
I still think there's good values after the big deals the European quarantines package -- on -- right now.
And what that risk behind us I think it's time to be put money back to works on our models we're buying heavily today.
We're still only about fifty to 60% invested.
But we're still -- that's market area mid cap area.
I think we benefit from a strong consumer just has not he was talking about -- merger and acquisition picks up the second half this year the super bit if the super committee comes in -- pretty good results as I'm expecting.
We can get an even better Santa -- rally coming.
Mark what do you mean by pretty good results lol what would you consider pretty good results and and it is there any way they could mean I guess I can almost say any result would be a surprise.
To the upside in the super committee.
Well the good news is is that it's not a European type deal in the super committee it's not gonna cat -- the capital -- Lehman -- event.
I think the whisper numbers three to four trillion and I do think that these men and women on on both sides of the out realize that this -- tipping point and I do think they're gonna be pushed for 23 portray it and we do I think that takes Greece.
And the physical austerity here off the table -- as far as the debt issues and I think we have I've been saying all year.
Thus single digit gains on the down S&P I think we'll finish strong this year if that happens.
He's talking about Washington we've got all kinds of economic data were watching Japan in Europe and all of these other fundamentals but we're also watching technical levels so.
Tumbled goes into your outlook in the are again looking more -- fundamentals and that the events influencing markets -- the numbers themselves because we did also across some key technical.
This last week.
You know what we do use technical analysis in the office we look at moving average as we look at trend allows -- and we and quite frankly short interest.
But I think you also have to look at the fundamentals here.
Bottom line -- when you look at the earnings that are coming in 75% of the companies in the S&P 500 had beat earnings.
Not only have they beat its 15% year over year growth -- -- -- with a trillion dollars in cast so I think that gives you a nice backdrop Hurd to prevent huge losses.
But that's why we're tipping back in the market right now trends are strengthening in -- start about a little bit.
Big -- -- trades above even the averages set the tone for very good transfer the remainder this year and that's why we're buying our models right now.
You know previously you look at the latter part of the summer that we had that big sell off at the end of July early August a lot you were saying hey go for some safety stocks.
Blue chips pay a nice dividend you think you could even take that further and play more the small cap and mid cap -- -- meets the Estonian.
Two I think we're gonna benefit from that mergers and acquisition and let's face it we got that we get resolution in Europe not solution.
What I mean by that is I don't -- on a whole lot of companies that have European exposure because it is going to be mired in recession or slow growth over there.
You're small and mid cap names right now they benefit from US consumers we get any type of good results from its super committee.
Broad based market gains here in that -- that early Santa Claus rally.
And let's face -- small and mid cap companies are acquisition targets and their growing sales at a much quicker pace in the S&P 500.
-- right here and I think -- should be too.
I think 127 market last visit with that's recommended the socks the semiconductor.
Index we'll since the 27 the IE TF is up eight point 38% not a bad performance there -- -- stick with that right or put fresh capital -- out.
I do I am sticking with that in that and I am adding capital to they're not markets right now -- tell you -- Any type of stock that helps consumers are specifically businesses increased productivity increased sales I think those are the types of of stocks that you wanna own right now.
Some I'm adding to that technology.
In a sideways market on September 27 on air we we talked about maybe that BKL and -- the -- about that that that.
Yeah that the high yield and senior secured.
We've picked up 56% since then so I think the easy money's been made there but -- dividend investors we're still -- capital there -- still think they're gonna -- us.
That you said a few seconds what do you think about it everybody -- nervous investors -- in terms of wait for that one.
Sign to sell -- got jobs data coming out on Friday we expect that he.
You got I think if if if we're we're expect about 90000 jobs if it's it's plus or minus 10151000.
I think we're gonna have a pretty muted reaction if it's a horrible jobs data.
I think you got to be looking to sell Texan and and and take some profits there he -- out of that if it's if we -- -- that work there.
This jobs -- one of the most important my career and I'll be watching closely while UN millions of other people that and -- -- -- new -- monthly.
Filter by section