You're watching...
Profit Investments’ Eugene Profit and Premier Wealth/First Allied Securities Senior Wealth Strategist Mark Martiak on Nordstrom’s third-quarter re...
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- -- here let's get to Robert grant.
Take guys' side yes coming -- -- little better than expected already slightly two point 81 billion but -- earnings missing my -- -- 71 says to 72 lysine a little weakness there in after hours trading as well.
-- -- -- OK let me just get a quick reaction from Eugene profit because.
You're not afraid of stocks right now but two names here are moving down.
Yeah that I think it in the stock pickers market I mean when you when you -- a dividend that's just work.
Last words the money go interest rates are still very low need to give a higher tax rate on dividends on that percentage -- -- still going to be higher.
Articles the bases and anywhere else and we don't own Norstrom that's only -- bit earlier said.
-- -- higher in retail was a done very well like on Tiffany's and you Lawrence -- -- -- has done well as well.
I think on north -- -- -- -- very well over a lot of the last umpteen years I like to dig down to numbers and see.
Why there -- -- light but I was glad to see that the revenue.
Hey -- we're just talking to world market about how the Ted new tax structure might affect stocks you -- Medtronic which of course makes that the pacemakers is mother medical devices.
They're gonna be hit by a new tax as part of obamacare does that concern you when recommending Medtronic.
Well we look we haven't built into our -- valuation model and it's our belief that essentially as the economy begins level -- A lot of procedures that haven't happened that's going to need to have been delayed.
-- gonna have a whole lot more obvious short coming into the market so near term yes uncertainty is a -- of a concern.
But longer term would demographics within Medtronic is an excellent place and we invest whole bit long and in the in the new year I mean we invest go to markets are -- -- that.
Three to five year time period and when you have a situation.
-- where stocks fundamentally our sound.
But macro headlines make investors run for the exits for temporary period of time we find it to be a great buying opportunity.
Aren't good to see you both teaching profit Jared Levy and mark Marty act thank you nice.
