Also in this playlist...
This transcript is automatically generated
I think fox is this is all day coverage of the business advice.
My next guest runs -- portfolio that is made up mostly as simple stocks like alcohol.
Aerospace tobacco and gaming is by -- -- -- -- 500 over the past twelve months -- Sullivan as Vice Fund portfolio manager.
-- welcome to the show.
A lot of people think of -- stocks or vice -- as running counter to the economy.
Is -- -- in the market is that how what works or not really right.
Well most of of traditional -- stocks tend not to be.
Directly tied to the economy.
Tobacco tends to be go down move slower up a little slower saying there it's not as.
This is not our recession -- like alcohol and tobacco but some of unlike -- are just regular growth stocks -- right.
Yes definitely and with -- without a doubt if the economy turns.
Okay talk to me about your top five holdings and how you feel about these right now Altria has wanted Philip Morris.
I'm surprised on these GO in particular -- Americans quitting smoking.
Desperately interest thing -- for I think for the past 3035 years tobacco companies surveyed been able to increase the price.
Well let's check it and it took of more than compensate for the loss while somewhat in the last.
It's almost like people are addicted to their products and -- And neighbors grandma got back from their very -- yeah okay and you have -- Vegas sands as your number three pick -- -- why do you like balance.
Of world first folded and they've got great properties in Las Vegas.
-- and airport and they are also owned.
Positions of McAllen and -- yeah so that you get a little international and you get some of the Chinese investment.
Our people gambling more or less right now with unemployment high and.
You know the economy recovering a bit but not.
Much all of -- many of the -- -- -- have done tremendously well over the past four months so yeah so.
Regionals have actually done.
Better than the larger ones and now through Jersey -- -- online games and gaming that's going to definitely spur some more states to increase that did the that latitude that they're gaming companies can do.
So rounding up your top five holdings you have Lorillard and MGM resorts but it's interesting to me -- asked you to -- is that the top.
Three picks that you like right now that you would added at the top peerless has got GO.
Which is it one of your top five holdings why do you like DR -- and are you gonna add.
That's your portfolio.
Well -- jurors.
Fifteen sit shades of Johnny the -- Johnny walker has some great brands such as thirty plus percent -- Shandong.
And worth same factors say coming up -- has -- and if you're celebrating your thirtieth you're in for perfect in Florida you'd have some orange and don't so.
It's definitely a great name great distribution and we've been increasing our position to it.
But we do we have to hold larger positions in tobacco there's there's not as many names.
Yeah -- we have a look at -- a look at this chart look at the run the stock has been on -- you would add here at this point.
I would add some will use options against them to hedge risk -- -- Las Vegas Sands and Altria are both in your portfolio -- also to add your top three packs would you add to those positions Buren -- -- right now.
Definitely Los Vegas sands and ultra that pays a great dividend and and and -- basis for my experience with the tobacco stocks yeah is if you can get -- when they're very big they've traded off a bit.
You've cut the dividend to protect you to summer it's just to some extent and it based they always seem to do to yeah.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- They're a lot other -- out there.
You know there's pot obviously is a huge -- be tax Mayor Bloomberg almost everything's -- -- mean you could -- fatty foods you can add sugar have you thought about.
Doing more than those four categories.
We'll definitely with regards marijuana it's still legal federally.
So but it's one of those questions that.
But you could you met box I mean there's dispensaries there's all different ways to play you -- -- not worth taken.
Entirely until I would say until it gets more broader reach out we would be it would definitely would be something -- consider.
But by that time I wouldn't be shocked even though the tobacco companies claim they've never do it they obviously have to have.
There's special planned because ultimately -- you can imagine one day -- someone under medical marijuana can smoke -- his -- But it person wants a cigarette might have to walk walk to New Jersey.
Right yeah I could see that at Krispy Kreme -- anything -- you think about doing that at some point.
Well maybe maybe maybe speak in New Jersey might be something the governor might write -- -- Jerry.
Filter by section