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The nice -- there.
In December the two billion dollar money manager picked Wells Fargo who is that money manager.
She's with us today shares of soared more than 20%.
Since Jane -- south Texas money management CEO and chief investment officer brought it.
And told us actually to -- it joining us now from San Antonio with more and -- picks Jamie why it -- great pick there.
Hello Lawrence is a huge huge a favorite of Warren -- it's now his largest holding even more so than Coca-Cola.
You're theory right now as far as investing concerns is don't -- man go away by -- celibate -- would Brian may.
And watch every step of the way.
That's right because we are in a -- and metal.
Bull market and you do not want to be out of this market.
-- even though the market is -- out strongly this year it's been on very low volume so it's still a low conviction market.
But again we're not at a bull market it's made fundamentally because housing in the US.
As clearly bottomed and that -- -- -- -- -- for consumer spending.
All kind of spending he talked about does that's one reason we were bullish on -- -- as the consumer the consumer is doing okay.
We just talked about autos with Adam Shapiro I'm sure you heard that segment but at this time this very exact segment block as we call it.
In television yesterday we at Byron -- a Blackstone and this was his quote the jumped out at me the markets have already put in a full year of gains.
And we're still only in June heat is cautious and worried and concerned and get -- say.
Doesn't matter no matter what kind of correction here expecting you should still be in the market what kind of correction.
Are you looking for -- That's right.
Well it would be very normal technically to get a correction on the five to 10% range especially since the Fed signaled clearly.
That we could now see a shift in your QB policies.
So and somewhat of a correction but I think what you're more likely to see as a shift.
Away from the defensive sectors of the market that had been doing so well like consumer staples.
As an example.
Two more of a shift.
Where value stocks value stocks have been the best relative performer.
But now you're gonna see a shift weak link to more long term growth stocks all right let's -- at this money management we buy about value and growth but I think you're going to see a shift.
Now -- -- well then let's put up your top four requirements that you must have before you buy stock and then we'll get to some names that you really like right now and as we look at this list.
He picked -- the most important ones -- you've got good management geographic exposure accelerating growth distinct value.
What is I guess the best of all of them for you.
Well I love value.
-- -- value manager I love that -- just -- stocks that are generating lots of cash.
I guess the Warren Buffett model if you will.
But -- criteria for growth which I find very exciting.
Is that the company's top line that revenues as well as their earnings are accelerating.
It doesn't have to even be a growth company.
But if that company is executing better than it ever has historically that's exciting and GAAP.
Gap is -- a good example.
Of that kind of re acceleration.
Re energy you know re energizing.
That's going on had happened.
It is doing incredibly well look at this one -- picture and it's up 58% year over year PE of thirteen little bit of a dividend here one point 5%.
I'm surprised if you've got to try airlines are your newer picks right now and that is southwest.
That's right and in Texas we love love we love Southwest Airlines.
And it's been a great regional airline that quite frankly Southwest Airlines is now transition and very successfully to a national airline.
And even an international airline and it looks to us like their AirTran acquisition is gone pretty darn smoothly.
And -- we like the airlines technically the airlines have looked very strong for a while.
And southwest as one of our topics -- -- -- a lion on Bristol-Myers -- you say they're doing the best they've ever done because that would fit into your four categories.
That's right and you know it's hard to recommend a stock that's already up 40% this year.
But it's a little comforting that it does still have a 3% dividend yield that's that's nice.
But you know the big pharma has always live on pipelines and Bristol-Myers has really exciting pipeline right now.
We think they will be leaders in the immunotherapy.
Basically their bio bio pharma and applications where you use your own immune system to fight cancer -- and long term this could be very very excited.
Jamie -- south Texas money management CEO and CI good to see you will put your picks on FaceBook dot com -- with claimants so great to have you thank you okay --
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