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Surevest Capital Management CEO Robert Luna gives tips for investing in today's market.
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All the old saying sell in May and go -- our next guest says that this -- it's not that simple Robert Luna of sure that's capital.
It joins us now Robert that you don't wanted to just selling mango -- makes -- think you feel like stocks -- -- keep going up this year.
Yeah that's exactly did as you know today we're seeing in the markets -- can market much stocks continue to climb that proverbial Loral bought what world.
Wall of worry and what we're telling our clients is going to play and let the dividends pay me to should continue to stay invested in high quality dividend paying stocks and don't go away on vacation stay away from the government bonds they continue to let things -- their course all right now let's go through a couple stock picks -- let's start with.
In GG National Grid.
This is -- European stock given the slaughter in Europe today you want to take that recommendation back.
No -- -- -- I wanna stay a course of that Dennis and the reason why is this is a market where you really have to go down to the fundamentals and do your homework.
While losing UK based ADR they actually do a lot of their business right here in the good old US today.
Delivering utilities services through the upper northeast hi this is a company that's yielding five point 5% dividend.
Higher than US paying dividends stocks.
NBA may be our most people think they're gonna be have to worry about that.
Foreign tax withholding but the UK has an agreement with the US where it actually allows those the past right -- -- -- -- customer.
And I qualify for that 15% tax rate that we get here and you look at the stock price itself of that stock in GG is up 15% since January it happened already popped and -- alternative.
Now this stock if you look it's been actually trading in a base just broke out above 52 and we think the next stop is somewhere around 6566.
For the stock okay General Mills down 5% year to date.
Down up pointer to cents a year ago -- tough but that.
Yet General Mills is -- stock that we think epitomizes what investors should be looking for right now.
Markets have ran up and right now we think that markets are file your kind of following that election year pattern where you see the beginning of the year high -- names taking over.
But right now -- consumers should be dealing is taking some profit on those names.
A lease up selling some covered calls against those.
Is shifting in the names like General Mills that it may be lagged the bill little bit -- General Mills who.
Zero most get hurt if food inflation breaks out all over.
Well we think that's already -- -- like you said the stock's down 5% year to date -- I like about this stock it's more than just Cheerios it's Betty Crocker.
Haagen Dazs ice cream and what's most exciting it's really now starting to make a shift -- -- faster growing organics business with their recent acquisition of food should taste good.
The stock's really going to be a growth people we think of -- the next couple years OK last turn around the curve Mattel.
Last have recommended it and it's up 20%.
In a year.
Yeah Mattel's one of those name it's been a core holding up bars -- talked about last time I was on the show shortly after that they came -- reported earnings.
Got beat up a little bit the stock was down about 8% just a few weeks ago.
But since then it's come right back to where it was it had -- acquisition of -- entertainment that's still trying to digest.
But again this is -- stock.
3.5 percent yield.
Get paid away he can't be trading and not on a daily basis and names like this stick him on your portfolio collect the dividends a -- from the courts.
Okay nicely done thank you very much Robert -- not sure that's capital management.
