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W.P. Stewart CIO Jim Tierney on the stocks investors should consider for their portfolios.
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-- is with WP Stewart chief investment officer back to tell us.
Why you're saying that your number one money maker stock pick you -- picked anything out there is apple on a day where it is -- give us your thoughts.
That's part of the reason why apple has been a good stock but it has retraced 1520%.
From its peak -- And CC what's wrong with the apple story tell us there's nothing wrong.
There is a supply problem there's not a demand problem they just can't make enough iPhone 5.
Okay that is huge and is weak construction this chart out to a longer term period you -- how far it has come down.
You still love all the products they make.
Products -- great you're so right it's just simply a supply problem because people love the products so much can't make enough of them is a good problem to -- if there's a problem.
-- -- let me throw a couple numbers that came in last year's December quarter they produced forty million phones.
This September quarter they only produce 27.
What's wrong there the demand was there they need to get back to that forty to fifty million production -- and hon -- came out overnight -- that's part of the issue.
Why wouldn't you -- the thing that you love as it goes on sale exactly okay let's go to another pick that you half of last time you were here which was October 30 picked Yum! Brands.
-- anybody who listened to you was up 10%.
Have they put their top we don't recommend submitted to put all your money in there to be up 10% not a bad return there.
Do you still like -- would you add to this position.
I would add to a two things are going on with -- First of all the US business is rebounding it's growing the whole cantina ball a little bit healthier giving people permission to go back to Taco Bell.
That's big in the US and then you look at China.
China seems to have stabilized to new government coming in -- -- in a couple of months and I think China gets back to a growth phase particularly for consumer driven companies you have.
To know how huge Pizza Hut and KFC are in China -- this mess it's 40% of their earnings into the -- the second most recognized person in China behind Mao Tse -- is the current -- Garden -- I'm not lying that is very true who put the -- -- -- very important research you're okay your number three pick.
VF court which came out with numbers disappointed because of -- weak European sales and you love it right now.
I do you know VF -- is expanding the company internationally they have some great brands to putting more retail presence here in the US and they have great friends you have Kimberlin you have North Face.
Give -- you have Wrangler.
And guess what.
If we have a cold wet sloppy winter like we're starting out I guess what you need their products and just shot outside our window I would kill for -- North Face jacket right now because let me tell you it is freezing outside but the windchill already were down to about 3031 degrees set.
It's great to see Jim bundle up when he -- -- on the outside thanks for having me any time Tim Tierney we appreciated --
