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W.P. Stewart CIO Jim Tierney on the positive signs for the economy and how investors can pick stocks with strong fundamentals.
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Had to battle up that one but Jim Tierney is here he's joining this discussion he says that the mid year pull back.
Is what Ben Willis said the perfect opportunity to add certain specific issues to your portfolio -- is the chief investment officer WP Stewart.
Thank you for being here -- of that look.
We had a couple of frightening headlines but nothing too terrifying at this market pull -- triple digits once again just like Thursday you say put that aside now's the time to pick.
Gently but specifically.
Without a doubt I think -- to ask the question how many times are we gonna discount the same news.
And we've got over Europe how many times six months nine months the same daily headlines it's still scaring -- -- I think you really have to like you say pick them right names the companies they can earn their way through this because that's what's -- -- -- K.
We -- have two major indicators that you look at that in essence are telling you things are not that that at least stateside so there are opportunities don't want to mess without a doubt I mean when you look at housing and housing is turning so I think that's a huge driver.
And you look it.
Oil and and gas prices and they've really come down that pretty hard over the past 34 weeks and that's gonna be money in the consumer's pocket let me play devil's advocate.
Those oil prices have come down because there will be less usage due to the fact that companies that are oil and energy intensive are not selling their products as quickly because the economy slowing down there's a little bit of that there was also fear premium -- -- what Iran was gonna doing that seems to have died down a little bit now.
And so I think it's balanced.
But -- the consumer -- least over the not next six to twelve months.
That's a huge incremental dividends what's the best.
The fast trade you've made over the past six months.
That's owning apple and an apple is a real example of a company where it's company specific fundamentals.
Not counting on one market -- not counting on the economy.
And those -- the -- companies you wanna own and you know.
Conventional wisdom would say that those are expensive products yet people are still lining up in every country where there's an Apple Store to purchase these things.
I think it really points out that the how consumers behave in the strength of the consumer.
When there's a dynamic product when there's something that they really want they find.
