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Bob Doll on the Sectors for Investors to Watch

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    BlackRock Senior Advisor Bob Doll on the housing, energy and social media sectors.

  • Duration 4:14
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We -- so let's bring back Bob doll black Brock senior advisor and an OK Bob -- -- the conversation just now about housing.

What you look at the homebuilders right now or do you feel we have not quite yet turned that corner.

No I think look I think that home builders say anticipated.

The somewhat better news they've gone up farther and faster than I thought.

Look home building in the US well the whole sector has -- stop going down that's really good news.

Because psychology was -- -- might not be able to hold my job.

And my house prices going down boy that really makes me nervous.

Now with people feeling home prices might not go down that's a better news now.

How stir up our housing turns going to be slow we still -- -- in the make any -- economic growth.

We still have the overhang of the distressed.

Mortgages that that you mention a few minutes ago -- -- this turns going to be pretty slow.

We suspect but certain there's slight bit of opportunity here then.

Yeah I think that's right I I think it's.

More interesting from the macro economy than the home builders which of already moved let's get to energy because we saw with Warren Buffett's thirteen F filing where he shows what his portfolio -- about 73 billion dollars is buying in.

And paring back.

Would be too big energy plays National Oilwell Varco and he also got into Phillips 66.

Do you like energy here it's not as if oil prices are dropping right now.

Yeah I think if you look year to date among the worst cyclical stocks have been the energy stocks.

Or the back of the decline in oil natural gas prices earlier this year.

I think that creates an opportunity.

Outlook of the world's not going to end as we now know it going to continue to muddle through slowly but surely demand for.

Oil and natural gas will come back in I think that puts.

Upward pressure on prices at some points I want only stocks -- renewable away.

Are you try to guy Bob who ever looked at social media when it started to rear its head -- -- Zynga FaceBook linked in all of these names of suddenly.

Yelp have gotten so popular you as as a long time market participant yes no maybe.

He I don't look my view generally -- on on the new fads is that's just what it is -- fed social media is not going away don't get me wrong.

We don't know what the successful model is so.

We'll get you know company a company B company see all saying they have the right way to do it in its only gonna be time before -- figure out.

And all figure out which one of those three without a lot of information I think stuff so my general view is I let somebody else make or.

Lose money on those people that Soros -- -- The billionaire is is getting -- FaceBook right now few other Smart people people would calls the Smart money getting in right now sought just wondering don't you wanna be sort of -- head -- Instead of waiting to see what happens if you truly believe that people are so attached to their phones and their FaceBook pages.

We again I think it's still early I think to be time I don't say that that.

Stocks going a whole lot lower it's obviously come down quite a bit from the offering price.

And I'm gonna be patient and and respect those guys who loved are putting their money and -- -- Price that's why don't -- -- -- sit back and B be the observer consumer names I'm bringing up Procter & Gamble because.

There are two billionaires.

We've got -- Blackman getting in and buying up shares of it and we've got.

Warren Buffett getting out of that OK so which direction do you go when it comes to name what PNG or other consumer name.

This great company but expensive price in my judgment relative to a lot of other things.

Look you know that the markets up this year has been led by the defensive names.

At some point in the in -- into the economy is slow.

And on the -- we'll have a bit of of trouble or some of the more cyclical names we'll catch up so I vote -- Warren Buffett on this one favorite sector right now Bob.

Energy we already talked about it I think this cyclicals have been neglected at this is the worst performing of them so far this year so I what I -- leg into them.

Lovely to have you on the program thank you for joining us thanks Bob doll is BlackRock senior advisor joining us in a Fox Business exclusive -- you can see the interview will put it up.

On our FaceBook dot com slash Liz claimant page if you missed some of it is a popular guy people listen very closely to.

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