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Much in health care one of the best performing sectors in the first -- -- I -- cannot the second quarter pretty well Nicole thank you very much we'll see you fourteen minutes from now.
All of the Dow is continuing today it is hot it's hot -- our next guest says the market's basically have enough fuel left in the tank for a long term rally.
On three big drivers three things for the US energy were Bible.
And the rebound and housing John Burns -- -- well advisor CEO.
Joins me now you know she mentioned oil services John the -- report from the stock exchange -- and we are now.
The biggest energy producer by far won't push ahead a Saudi Arabia is that why you're so bullish on energy.
-- for a couple of reasons primarily what it does for the rest economies so.
With youngster Pineiro spear and technology that's that's really.
Blood too vast reserves that we couldn't find a match and we're just ten or fifteen years ago.
That helps reduce.
The cost of running our economy and health for manufacturers that helps American consumer.
So those are all great drivers for our economy as well as that -- as we look into our future we should be and can't be much less dependent on foreign sources.
That's very very -- cutting your take on some of these -- stocks that were saying the -- -- -- in today to -- was just mentioning some of these big names and it is United Healthcare is one.
Procter & Gamble Johnson & Johnson Pfizer Coca mean these -- a lot of the big names that we party scene.
-- kind of moving in the first quarter of 2013.
-- reason I ask you this.
As -- his overall.
When we looked at the manufacturing data we got -- this thing terrible durable goods orders coming in.
Some data was a little murky and some have questioned -- or making in the United States at this point that we continue to promote the economy promoting economy.
A what do you see happening right now.
-- -- what they're part of that data that you that you talked about really shows that we we are recovering and having slow growth.
But I would say that the expectations in general are so low that these are relatively easy hurdles for us to hit.
And so is -- affects stock prices in general broad based.
That leaves a lot of room higher.
Over the quarters and in years to come.
Okay outsourcing again the home dollars in the general -- that's a group that you like is like a couple of interesting -- -- because they really are.
Outside of the United States if -- that's -- you're seeing growth in your first pick as DF and international small cap -- so this is small cap stocks.
But international nine US small cap stocks do you see that group doing better than US small caps this year.
Or share all things being equal -- and investment returns or adverse weather related to the prices that you paper the profits -- -- those firms.
And so right now international small value companies Palmer traded for about 75 cents a book value.
But actual book value of these companies.
That's vastly different than small cap or or release any domestic.
Stock in general.
And so on a relative valuation basis we absolutely love that is that -- a portion of our portfolios.
In the edited and very well and then -- -- thing that's going to sing about international small cap value India -- -- the leaders and that and that's basically well is also the fact they'll want your other pick is vanguard.
But it's it's a real estate -- -- -- international homebuilders the big star -- 2012 -- saying again let's go overseas to make some money.
Yes well I think they're two different issues that you bring up we talk about both.
International real estate -- has been very depressed for awhile and not too long ago is trading at about.
You know ninety cents on the dollar on book value but it it -- it currently has a 5% yield.
Can and in general I look at that real -- investment that should be -- provided yield.
And have a little bit of inflation kicker -- On the prices and yields over time should rise with inflation.
So an investor might look at a 5% yield plus maybe two or 3% to -- inflation does and that's a very attractive investment particularly relative to where many investors are looking for -- Such as bonds -- elected be a fantastic addition to a portfolio.
but come -- -- say that the bond market overall this year is something to just shy away from -- -- -- got John Burns John thank you very much good to have you on the show up.
-- to -- thank you.
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