You're watching...
Jim Awad, Zephyr Management managing director, and Chris Bertelsen, Global Financial CIO, give their stock and sector picks for investing on Election ...
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
And asked a lot of people as we wanna bring in a market panel that's we have Jim Awad of zephyr management in managing director -- Chris Bertelsmann.
Global financial private capital chief investment officer gentlemen great to see is so Jim.
We've we've looked data from two perspectives this maybe this is Obama rally because they're expecting easy money to continue they think he'll win that.
You look at gold spot today up thirty dollars that indicates there there -- open -- easy money to continue.
Or it could be a Romney rally because many people think Romney will win.
And therefore the economy will start churning at a decent rate which could get the whole economy -- what do you think.
Well then that gives you two reasons the market could go up at the Obama reason we've known he's been.
The odds on favorite for some time so -- would be no reason for the market to rally today based on Obama win.
That these surprise would be if Romney won so the reason the market is up is there is some people on the ground particularly in Hawaii and a few other.
States who are allegedly reporting that Romney is doing better than expected -- How does get hot guy can't let that go home YE a white is I covered all the I don't know I say why is that why I'm sorry I meant I thought -- hello I'm okay I'm -- -- -- higher and he's in early eighties the early voting from Ohio and and people going it's very anecdotal though.
Us there's nothing specific that we can hang our hat on right now is their.
Absolutely not the one thing that's certain we know is that the zero interest rate policy will remain no matter who gets elected.
And I because of that I think that with ten to 121000 people retiring every day.
And a real war going on was on seniors and savers and retirees.
We really have to do something for them other than love meeker.
Rates that they get on CDs and treasuries.
But Chris we have already heard.
Governor Romney telegraph a message -- he's not pleased with the way.
Bernanke's been churning out the dollars and and devaluing our dollar by doing so so.
And and he's also said he's not gonna -- -- even if Bernanke was planning on writings are gonna rehire the guy so so there does seem to be a stronger dollar tendency from Romney then there is from Obama.
Correct.
Yes which which would be a good thing but I think it's he's got a year to run.
Plus the fact I think that anybody hawkish in there would probably be a difficult vote to get by the senate.
Plus the fact I think that once.
You look at the landscape anybody's presidents is not gonna want real higher interest rates on treasuries all right let's.
Gets or Election Day picks and Jim.
Nobody likes to lose money but budget really doesn't like to move by such he is very cautious very conservative you've got a -- a couple of cautious picks where is -- and -- -- Make -- millionaire overnight but they're gonna be steady gainers according to you right so what I'm saying is the world remains a low return slow growth.
Environment but that in that environment if you own.
Equality conservative multinationals would dividends and -- growing earnings and exposure to emerging markets and to the recovery in the United States.
-- emphasis on technology consumer non would nondurables that is going to places any did -- And in technology.
I'm mentioning Microsoft not because it's a high grower but -- over 3% dividend and something like 5%.
-- earnings growth with I think it's highly achievable.
In the technology and then consumer nondurables.
The same goes it is true for Procter & Gamble that.
The earnings are likely to grow several percent -- year -- over 3% dividend.
And with no money market returns and very low bond returns yeah.
-- quality companies like that with good balance sheets is is good place to be as Chris said for retirees looking to get.
A reasonable return on their money -- return and what.
Chris EU do you like the telecoms we'll get to that in a second but -- also like mcdonalds I've been watching McDonald's getting beat up.
Once it hit that hundred dollar markets it's come down quite a bit it looks like maybe now is the -- time to buy at a McDonald's right.
At -- day that I think that if anybody kimono McDonald's franchise in New York City.
We'd be delighted.
Here's a stock -- just as Jim mentioned that's a perfect.
Dividend stock increase in the dividend of 10% or better per year.
The stock is cheap.
The growth rate may not be sensational but at five to 7%.
And the whole world getting wealthier I think this is a great place today and why did telecoms quickly Chris Verizon and AT&T -- I think because we're gonna see at least five years unfold on what you might call the Smart -- economy of the apple economy and the big beneficiaries -- On the telephone bills that we pay they're raising their dividend you gotta go around the world you gotta have Korea telephone Philippine Telecom.
Telecom of Australia but as well as Verizon and AT&T.
And I think that that's perfect for people that are interested in saving.
Chris -- -- and Jim may -- gentlemen a great.
Analysis thank you very much for coming in appreciate -- Election Day -- legend.
