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Telemus Capital Partners founder Gary Ran and Schaeffer’s Investment Research Senior Technical Strategist Ryan Detrick on the sectors and stocks inv...
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-- is Gary ran his founder and chairman of -- capital partners and Brian debt -- senior strategist at shapers investment research Brian you even take this one you know.
People might be a little antsy here if they are heavy into insurance companies and they want to.
Dump some of them they simply can not until these trading floor is open once again or at least even globex trading because they've shut down electronics to.
Well that's right -- that's what 'cause the big problem with all of this the reason we've been dropped the last couple weeks is uncertainty all the sudden we have an election we'll -- -- -- gonna win now Mitt Romney's back in an earnings have been uncertainty are Europe's uncertainty.
Now throw in all the uncertainty what we're just talk about all day today watching TV with with the issues with the weather.
The bottom line you cannot trade -- to set for couple days -- -- insurgencies creep up so until we get through the election.
No we wouldn't be shocked at all we consoles volatility -- this downward trend continue here.
Well let's go to Gary because Gary what are your -- -- apple and of course there was this tremendous downwind -- apple after the earnings.
It even started slightly before the earnings but it looked like it was gonna -- below 600.
Would you still with the uncertainty of two.
To non trading days during the -- would you still go for apple at the open on Wednesday.
I absolutely I think apple is largely unaffected by two days or three days of closures of retail stores online activity probably still remains strong.
An apple these prices that are roughly ten times next year's earnings we think we'll didn't even with a downdraft that we've seen over the past week.
Why don't we're buying -- not the markets and -- pulled back much further on the markets over the past few weeks and we think it's a good entry point here around the 600 our level.
Brian night your liking the housing sector at the moment the two names that you pick at the moment -- -- and you also like DR Horton of some of these have had some pretty significant run ups.
Do you see that continuing and and by how much you mean is it too late to get in on some of these names.
Really don't think so -- -- -- too late again we will that the market which differs is based -- expectations housing like he said yesterday had a great run -- did so awfully last week when you look at a lot of these names we're seeing is continued big puts coming inputs of course a bearish bets in the options market.
Also increasing short interest so what does that -- listen we've got strong price section are housing names skepticism coming in again by expectations -- not buy you know valuations.
Why are so I don't know why -- questioning why are still model and an DR Horton -- -- Katie Holmes has been a real winner and and frankly Hovnanian has worked very healthy.
-- that's a -- question we like the entire sector but again right now on those names specifically.
They seem to have the most puts coming in and -- Lennar has very big short interest on -- would give Nestle would like to see but all in all.
You can buy vast and housing stocks and we still think you should outperform -- -- that these next couple months before this year is over.
Gary financials say it's it's been a roller coaster harder for that and there are no stock better -- -- that they JPMorgan but you like JPMorgan why.
Why I think JPMorgan roughly an eight times earnings as relatively inexpensive stock I think it's got great franchise businesses that send our strong.
And we look for rebound next year and investment banking and maybe if interest rates start to rise still get an increase in net interest margin.
And the traditional banking business school contribute to profits at these levels.
I -- and around eight times earnings we think it's relatively inexpensive Gary and Ryan thank you gentlemen so much for coming in on this very busy day we appreciate it thank you very.
