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W.P. Stewart CIO Jim Tierney breaks down the stocks that you should roll into your portfolio for the second half of summer.
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OK so this is what we ask you know what I dream of -- that he's like I dream of -- -- perhaps it was.
Read up about.
We -- -- name the name of the program CVS debuted 61 years ago as the first color program and guess who got it right MG fan tweeted us.
What was it.
I haven't heard of premiere.
The variety.
Program featuring such celebrities as at Sullivan which is what I guess the problem most people could watch it on the black and white television sense.
Chicken and -- syndrome.
And yes that was the Courtship of Eddie's Father music that we like complete -- But what -- all in the court of of Eddie's father.
Jim Tierney back with us to failure shopping cart with three companies he says you should not wait another second to buy and one of them.
Is Yum! Brands now let me just tell you -- not be some people -- lately where their sense of that the China story.
It's only a singularly China story China slowing down forget Yum! Brands.
-- and it was.
One direction upward when everybody was excited about China I'd I'd say a couple things number one look at China.
If it slows down a little bit not a big deal we all knew that the comps were not sustainable at fifteen to 20% in China so they've been slowing down.
It's also -- developing markets story India.
Russia are big markets for them and then finally the US business.
Is doing well after 234 years of.
Sort of floundering that's a little bit of -- yield tier one point 7% so you are still getting stopped dead little icing on top better than a ten year treasury Ralph Lauren RL now this company stumbled on one of its earnings reports -- -- last owner of the the one before but I can't look at this -- to this is a platinum name.
The people will spend money on.
Great name the stocks pulled back more than thirty dollars and to me in market pullbacks like this you go to the quality names.
That have had a disproportionate hit this is one geographic expansion product expansion great management team.
-- buy more here JPMorgan's neutral on.
It's not a real endorsement isn't.
You know what they did the multiple a little bit higher than your average fifteen company.
One of the things we're talking about -- find the earnings and it to us it's all about earnings growth in Express Scripts and Medco deal is -- done.
They have some cost cuts in place mail orders going up a generic wave.
This company has a really nice earnings growth over the next 23 years they completed their merger with Medco that was a huge deal 29 billion dollars great big deal it makes them that it did.
Big number one player in the business gives them some leverage over some of the pharmaceutical companies.
And a little little leverage over longer -- When you look at this market deal just shake your head when you hear people say on stand on the site want to -- anybody who did that missed out on an entire year pretty decent -- in the market -- -- it's -- moves.
You look over I have to -- and you see that the market has climb that wall of worry it really -- I talked to somebody this weekend that said I've been on the sidelines are really got -- and await.
You know what the market's been great since the middle of 09 and a big move.
So much cash on the sidelines both.
Corporate cash and individual cash when people get comfortable and start to come back we could have a very powerful rally that I don't think people should miss out on.
-- back in May be -- look quarter of your portfolio.
Each.
Three months six months almost like the low low rent dollar cost agritech -- -- to see you thank you -- much much Jim Tierney CI OW peace.
