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Coming up -- cyclical stocks may be the laggards today an indication that investors are concerned about slowing economic growth especially since China just lowered its forecast.
Aren't these five economically sensitive stocks do you account for about half of the Dow's decline today Caterpillar Chevron.
Bowing to name a few but my next guest says he is moderately bullish with a bend towards cyclicals for the duration the year.
Kelly Campbell CEO of Campbell -- man is Kelly we're pleased to have you back on the show.
Let me Begin here by asking you -- seeing the start of this correction as you say your moderately bullish were looking for a pullback many people -- told us that recently so again.
You think this is the beginning of a little consolidation period.
You know could be because a lot of people -- so much money in the market they're thinking of -- is -- thank -- wanna take some off the table and it happens all the time anyway you know if you're ahead.
Want to take some chips off the table and let these come back down a little bit put your money back in a lower price why not.
So it definitely could -- do you think there's a psychological impact of Dow thirteen thousand nasdaq's 3000.
Impacting investors' confidence.
-- you know I mean I was -- fear and -- you know fears that cause that's you know when the markets -- is going down to to get -- be scared get in the say things.
And greed what we hit.
When we hit these Kennedy's psychological barriers we break through thirteen thousand people say wait a second I'm not getting part of it so -- stay I wanna be part and out of what you get -- it.
So yeah absolutely has an impact.
-- in your notes reading in.
On your strategy -- -- to show.
You're living with and defensive and your feeling much more comfortable to risk these days cyclicals especially technology.
So wise and -- in technology part B of the question are you initially focusing.
Well you know if you think about different technology companies and weird this is going businesses this is gonna make more money -- -- more efficient thing to be more efficient by having more technology.
And yeah it in everything they do not only in lowering payroll because they're able to put some of those things into the hands of technology.
But also in making things more efficient supply chain management things like that but at the end of the day when you look at technology do you think about.
Everything -- connected to everything that can access from our mobile device to cloud computing to the Internet all these things are technology.
And in when we're starting to increase from an economical standpoint from an injustice template.
-- those are our companies are doing better but they're gonna do better because the more they put in the technology the more efficient -- -- This is a decent human growth cloud to -- Smartphones Microsoft which key reputation of being -- money right although it's had quite a run recently this is one of your picks today.
So system is it's a windows eight that kind of play.
You know I think it's not.
Just a -- is a kind of -- is a good solid company its windows they came out I did well also ahead a little uptick in in the price.
But it also if you think about the fact that they are well positioned to take advantage of the cloud into the and a number of other areas.
Why this is sitting in shoes and that's a cat to get over fifty billion dollars in cash.
They've always -- great dividend and they just increased your dividend so there -- company are likely part of -- with that kind of track -- you can't go wrong a month.
You also like Lowe's and I was interested in our RR markets political and mentioning cost -- today which is benefiting because.
Consumers are getting a break on gas prices there so -- -- kind of a similar story -- kind of benefiting here because of some economic uncertainty specifically high gas prices eating into their spending.
Well I think it's more than and it's a couple different things you can think about you know that the -- You know let's call the weekend warrior the -- is gonna do little work around the house -- Lowe's is a great place to go -- kind of -- duopoly if you think about it between homes.
I Home Depot and Lowe's and where they are.
But Lowe's is selling at a discount to Home Depot so it's -- a great position that standpoint.
Yeah any don't have this whole web based issue where they were gonna go buy things on the web this so -- -- we get above -- peat moss or something like that from the Internet.
You know I get from loves and as a great -- -- if you didn't see you could tell I go there -- a lot of.
Your weekend adventures are quickly you're with us on February 7.
I -- shows Emerson Electric -- to have to end kind of tell you -- here because is down now nearly 6% so is this just a case seven and it.
Let's out here a little bit and stick with little bit longer or what's your what's your story with that Emerson I wouldn't PG started to get -- to Abbott labs are up since February 7 -- you.
-- you're -- there soak up what you you know Amazon.
I think -- Big issues in Europe there have been some difficulties because -- -- they know that Tenet that the slowdown in Europe and I think that's gonna continue they've got a lot of good things going on CEOs and he's gonna change some of the things.
I say get rid of some of -- they're less profitable business units and so I think that's a positive market you know what I think about Emerson.
Everytime I look at my kitchen sink -- -- insane curator every time I looked up -- my fantasy ever since.
Or know -- -- washer -- the motors in there are made by Emerson Electric and this happens across the globe.
I know it's a good play for the long term deficit with Emerson Electric think this Kelly Campbell it was great to see of banks to -- well.
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