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Matt Vetto of Douglas C. Lane & Associates explains why he is confident in the equities market.
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Done on a 137.
Now with -- selling off right now but.
Our next guest says he is bullish on equities not just for now but for the next 23 years mad -- -- a Douglas related associates joins us now in.
Why so confident because we matching volume in the last -- eight hours to the downside actually.
Pretty happy.
We have yet we have.
I think you take a step back -- -- look at where equity markets have been we've had a nice run certainly -- -- 09 lows but even since sort of fall of last year and so.
You know we know we're not gonna go open a straight line every day we noted take profits you know there's -- -- Europe there's news out of some earnings disappointments from time to time we're gonna have -- -- setbacks but.
You know valuations are still very reasonable.
Particularly compared to where interest rates are on the bond markets.
And the outlook for corporate earnings we think is actually pretty good thanks to -- I was -- -- your pixie like Dunkin' Donuts and out of product that -- like stuck in Branson.
And I absolutely and it's miss most about the coffee insults about the -- these days but.
Recent IPO -- almost entirely franchise model and so this is.
It -- thinking about this to me is it's a very well known brand it's still has room to double in the US most established brands can't do that in terms of stores in terms of its store footprint yet and so that's gonna play out over a bunch years.
And you know we had Nigel Travis on levees on the 4 PM show with me affable exit on -- talking about expansion overseas investment but but there's also domestic story with -- -- rise if you kind of site that -- a reason -- got a franchise model.
But it's still paying a dividend and they can expand in the US I -- North American expansions pretty guy.
It is pretty -- mean you think about Yum! Brands are Starbucks mean that they're big in the US but most of the growth stories overseas and in Duncan's a rare one that actually has predicted domestically and Starbucks cup full up on US growth and value next -- A medical -- Thermo Fisher equipment maker at a time when medical -- makers under fire under obamacare and lose in reimbursement right I'd -- -- -- -- -- blocker and -- -- mean here's a company that is a consistent mid single digit revenue grower.
Double digit earnings grower trading at eleven times earnings very shareholder friendly management team.
Just initiated its first dividend has bought back stock in each of the last -- fourteen quarters.
Non but this is the 800 pound gorilla in life sciences -- so very very high end technical equipment very low and consumables -- very predictable.
Stream of this.
Matt you've been a great friend of the noon show here on Fox Business November 28 -- On the show your can you picked Allscripts I did mental health care IT company were very bullish on us stocks had a lot of problems in -- -- and I'm curious officials with your position within the company because then.
-- got a poison pill now they're worried about a potential take -- stock down.
47%.
And rise yet -- -- and what -- this.
Why any diversification in a portfolio and you know you need to to manage the risk a little bit too much.
Seriously -- it's it's a large player in the health -- IT world which is a great industry right.
Hospitals doctors' offices all going to electronic records a lot of stimulus money so that said -- the tail winds are definitely there for the industry Allscripts had a merger with a company called eclipses and they're in the process of of merging those two companies together it hasn't gone particularly smoothly.
And this and this last quarter was sort of the the when the music stopped and bookings fell short.
And the chairman and if you the directors laughed so you know -- in -- -- now -- trying to figure out OK does this company can they put together an integrated product.
Very competitive in the market a minute that these industry conditions are about as favorable as you gonna get.
Matt -- IV aids gonna -- -- -- always does it come back with more -- expect that much all right Douglas Elliott associates --
