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Banyan Partners chief market strategist Robert Pavlik breaks down where to put your money in today's markets.
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Right risks to put your money right now should be in JPMorgan stock Bob -- is the chief market strategist for being partners.
And he says -- all the uncertainty in Europe -- should be buying America and we actually like to hear that but what in particular are you buying men.
While there's still a lot of uncertainty going into this weekend's elections over in Europe.
And so nobody really understands where were going to be headed at least short term.
Longer term out we still -- very positive about the market.
What if you're at a restaurant there are looking to maybe put some money to work I'd start to take a look at a stock like target first of all the lower gas prices are going to help the situation.
And help consumers.
-- to the store they get a 100% of their revenue derived from US sales the stock yields about two point 1%.
And has about a market multiple but earnings next you're forecasted to grow by about 13%.
Disney is another company that's going to be able to benefit.
From these lower gasoline prices 75% of their revenues come from within United States.
It's selling at a slight premium PE but the peg ratio is really only one point two.
2013.
Earnings expected to grow by 13%.
And we know that John Carter didn't seem to do much they -- -- -- that often kept going.
-- -- you -- not quite -- managers who -- an area out that -- said Philip Morris on your list of picks as well.
I wanted to ask you -- more about the consumer Staples 'cause.
You think they're slightly overly expensive though don't you.
They're a little bit pricey here right now and so -- are going to start a new position I think the best thing to do resorted so Intuit.
Take a partial -- see how -- trades because of this market does turn around and we get some kind of resolved which is kind of unlikely out of Europe anytime soon.
This market is going to go for the higher beta names and it's going to go away from the consumer Staples.
-- -- You also feel that this market is waiting for more stimulus don't you don't you worry about completion down the road at all.
A exactly I mean there was no -- out this morning -- yesterday.
That the Fed is going to add some additional stimulus they meet next week and I think the market is really holding out some hope -- the situation worsens.
That stimulus is going to be headed this way.
But really in the long run additional money is not the answer -- the problem we don't have a liquidity problem we have the solvency problem in the world.
You manage about a billion dollars in assets your firm that is -- and right now you're saying though.
Regardless of all these names you buying nothing -- are you sitting on cash.
We have a little bit more cash than we normally have I I would suggest that individual -- they're probably have about 25%.
Of -- portfolio in cash 75% exposure to equity market if they have a growth orientation to themselves.
And I think that if you focus on the highest quality names out there in in stay away from sort of -- higher beta names you're probably doing yourself a big favor.
Bob have like a band partners.
Huge star spangled banner thank you -- you very welcome.
