Also in this playlist...
This transcript is automatically generated
-- -- over a month.
It's with a fresh earning season upon us -- to this place which money doing it -- chat Morgan Lander portfolio manager at Stiefel Nicolaus.
Before we get -- your picks Chad let's talk big picture here.
You originally had an S&P 500 Jiri and price target of fifteen -- fat as -- at like 1587.
Today so what happens there.
We just -- Well look early and you find anyone.
Now we're gonna stay with 1575.
Price target by year end.
It seems if the financial system is rotting and surfing this wave of liquidity courtesy of the Bank of Japan the Federal Reserve in the ECB.
The US economy is moving along gradually that's somewhat of a lackluster rate.
And -- you have -- earnings season that we're coming upon and earnings this quarter should be up around 2% year over year which isn't really any.
-- -- type of earnings picture.
But there are scenes of opportunity within the marketplace that we can get to but one -- now move up the quality spectrum within their portfolio.
We've had so many people on calling for but pulled back a correction 5% say even anything but it's so hard and our senior editor Charlie -- -- at this great chart when you see how the Fed's balance -- and McDowell walked hand in hand.
And there's no letting up anytime soon.
Why would anybody want to get out of this market right now.
Well you you may want to overweight equities but you want to -- -- quality.
And yes the Federal Reserve will continue to monetize their debt and increase their Balanchine.
But at a moment's notice when effect -- -- in decides that they won't be monetizing debt in the markets may at that point in time.
Have a little bit of instability to them unless the economy is in full fledged recovery -- self sustaining and we're just not.
The -- -- close right now is an economic data still.
So this whole you know sun may go -- thing you don't buy into that either.
I don't buy into it I mean what you really want to do here with your portfolio state balance -- wanting to move up the quality spectrum.
And buy good quality companies -- consistently growing consistently profitable and well capitalized.
And on your bond portfolio you wanna do the same you wanna move from where the -- -- yielding debt securities to more quality.
And then you wanna move viewed your maturities down great interest rates attempt because eventually -- will start to kick back higher.
You suggested duration of 45 years on that investment grade corporate bonds let's not about the company's though that you're suggesting big -- Cisco Microsoft still like those guys consistently grown consistently profitable well capitalized Cisco I want to point out as one of the Dow's best performers thus far this year so it -- does still have room to go.
Absolutely set trading around 21 dollars a share.
It -- four dollars and 65 cents of cash on the balance sheet.
Very little debt.
Gonna -- around two dollars a share price target around 25 plus you get a dividend growth.
With the big dividend yield in around 2% let's talk about triumph it's an aviation industry pick up.
-- correct that Casey had Airbus and -- have -- east know all the orders coming in.
From the airline industry.
They are an aerospace.
And they aren't doing very well.
The price target on that is ninety dollars a share again consistently growing company on the top line I operating margins that are very consistent.
And they have an order backlog -- you know that the revenues will be there.
Boeing keeps breaking down -- -- the -- business forever right so let's talk about -- shares but is this is a consulting spin off from Arthur Anderson back years ago.
Consulting I guess the way to go you don't have to -- pay benefits.
Well similar to IBM.
-- there a consulting company that.
Focuses on corporations and in the technology world.
They're operating margins on this company have been moving higher in a very steady manner and they will continue to do that from multitude years.
As well revenue growth will be very steady at five to 6%.
You'll start to see a dividend growth rate.
In this company over the coming years that's it's -- -- picks good dividends -- Atlanta thank you so much thank you for having me from across the border from Jersey now.
Filter by section