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We are back now with Michael church -- out of some capital chief investment officer at the last time he was back on our show in November he named JPMorgan.
As his stock pick his number one money -- shares.
Have sort nearly 30%.
Since he was here in November.
He has more investment -- for your portfolio in today's rocky markets and at let's be fair and balanced you also back then in November had another pick.
And that was Barrick Gold miner.
That's gotten hammered -- not.
Believe it we don't get everything right always I'm shocked -- well whatever excitement gap from JPMorgan it's more than erased by the losses again Derek yeah about the miners right now we know that -- was in its plan.
You know it's amazing too because as as it.
Hard hit has gold has been the miners has -- threefold.
The damage is just been tremendous of Barrick has had some specific issues related to some minds in Peru.
Which really herded you know significantly more than I think.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Okay let's get to your new -- because you unlike many others are not panicky at all Michael's not concerned about what the Fed didn't even do they just invention -- Sit down the road I don't know why people don't realize that there was an expiration date on the bond buying program but there is -- flash.
So let's get to what you like now but before that it -- their interest to know.
What are the qualities -- at the top three qualities you really look for when you pick in stock well we're looking for strong balance sheets sustain oil Oklahoma.
What is a strong balance sheet what let me get a subset here that.
We we're not looking for overly indebted companies we want them to be well capitalized we want them to be able to act upon growth opportunities if they needed to be able to do that.
And we're looking for businesses -- have screws -- sustainable defensible franchises.
In other words that the level of competition is not so tremendous that anyone can sort of come into space so you're number one pick here to start his National Oilwell Varco -- What about this thing.
Strong balance sheet okay they have they have acquired.
Many many franchises of the last years -- has been a very acquisitive company.
The -- have a dominant platform in the oil services space.
This is really -- play on all the energy development that's happening in this country globally.
You know everything related to -- offshore drilling they have a product for everything related to oil drilling which is something that.
We see continuing we have really substantial growth and the PE ratio is very palatable ten.
And so that's that's considered an an expensive -- this is a company that's historically grown at a 3% clip.
Trading eleven times earnings.
So it's not a bit of a dividend here one point five for so they just doubled it.
So we think this is dividend it will continue to increase to and that's also something I think in this markets important people been chasing dividend stocks I think it's time to shift gears and look at companies that are.
-- can be raising their dividends in the future rather in the want to meet here.
4% now your next plays an interest in money it is a -- -- marvelous if this cuts down -- for here who with your final thought.
-- -- edited in the beginning of the year so it's it's actually done fairly well.
Mandala is interesting company it's still Kraft Foods.
They must've paid it consult with fortune for terrible name.
Santa wouldn't come up with -- also.
So why isn't is it we've learned to love Verizon which nobody could pronounce back in the Dave -- on -- song about for a.
-- it'll be similar situation cut great brands -- to -- Oreo o.'s big international presence big emerging markets presence.
This is really want one of the staple stocks that's really has more for growth orientation and we think is a very interesting opportunity.
Good to see you Michael thank you very much we're gonna put all of Michael's picks up on Fox Business dot are actually FaceBook dot com slash.
Liz claim and good to see you -- -- -- with Addison capital he's the chief investment officer close.
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