You're watching...
CenterState Bank Executive V.P. Joe Keating and China-America Capital Company’s Tim Mulholland on the outlook for the markets and where investors ca...
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
And part of that oil trade coming lower is also a stronger dollar -- credit Jo Keating he's executive vice president.
And chief investment officer at centerstate bank.
We've had several sessions now strung together of losses are you change your allocation are you talking to clients or do you think that -- -- -- Who wants hard to say when it's a snapple is because roommates who need -- resolution on Greece and but but clearly valuations are getting better.
Last time I was here you know late march early April we are fairly cautious on the market in terms of saying to investors really take your time to -- new money to work.
We're down about 5% from April the second which was the high and we think it's -- time to start nibbling over the next couple weeks starting for -- putting some -- We're saying this euros -- drama is actually opportunity.
Correct why I think it was the the excuse if you will for valuations to get a little bit more attractive.
In in the market and so let's take advantage of it.
And -- are putting -- -- -- -- the backdrop for common stocks is relatively constructive here in the United States so with that in mind Joseph what kind of stocks do you -- in this environment.
Well I think you wanna stay -- income producing income growing too common stocks.
And it's the best way to consistently build wealth over time 11 stock that we brought was Colgate-Palmolive which -- we didn't realize that has a debate update today -- thank goodness of dead.
You could think of it as a growth oriented dividend Payer.
It's got a yield about two and a half percent it is actually increases dividend payment by 55%.
Over the past four years.
And will -- and is expected to increase its dividend payment by 40%.
Over the next four years so that that's a really kind of a nice stock to be in a lot of downside protection as well as upside potential in the stock.
Tim I wanna go back to you in the -- it's really important to have our traders like you because you can tell us where the flows are and perhaps work today what are you seeing money going into coming out -- Well I think what you have the Staples and some of that.
You know safety type defensive stocks is clearly you're seeing the -- movement energy has been taking it on it -- really hard.
But these are movements that you see in a correction you know not -- what we've seen before in down markets and I also think that flows are clearly going into the dollar and there was.
-- Labor Day when we broke.
And the Euro broke and the stocks made new lows of the day was really response reports have.
Money's moving at a Greek banks at a pretty rapid click at a clip rather just because they may have that -- of the -- bureau the devaluation so you know flows are gonna say.
