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The last time this money manager was on our show he said tech was red hot -- he recommended.
So that is -- to report earnings just after the close shares up nearly 20%.
Since he picked HBQ over the past year it's done even better.
He says look for areas now that are under loved but also under a home.
Chris -- also have a global financial private capital costs chief investment officers joining us from Sarasota.
Well -- -- on the Hewlett-Packard pick in the coming up with numbers today what are you expecting.
Thank you is yes I think Hewlett-Packard has done some -- things they've shored up their balance sheet.
They -- hours in denial about splitting up the company but.
I think that potential stands.
For the closure Chris what what -- -- what -- not what I think the PC business and it would be a prime candidate.
I would love to see -- get rid of that and I also think the PC.
I mean I think the print business and -- business would be one also.
Where they can actually.
Re pretty good profits from that so I would look for those two although I know they're in denial about doing anything at them.
Wow didn't the former CEO.
That suggests getting rid of the PC business.
He did and we have been very timely popped occur all right let's get to what you what our efforts are you still adventure -- -- position -- Full disclosure we've cut it back by about 40% only because it was up 90% since our purchase.
That -- profits at the and that too is a great lesson for people no matter how much you up a stop don't look at -- -- that you don't at least take some profits off the table okay that's a capsule so cliche but look let's do it what do you like right now and having to pick stocks.
And that right now as far as picking stocks site -- I'd really like things that are stupid cheap I like them that -- on -- And particularly where they're under round.
I think over the last two or three years all you've seen as bad press about China the US is up over a 100% in the last five years in China -- -- done nothing.
You can -- the F -- from China get a four point 8% yield and anybody who thinks the second largest economy isn't gonna move forward at some point.
I think really is underestimating what the Chinese can do and the positions they have as they turn to a consumer based economy.
Well on the geologic time maps certainly it's probably just a blip that scares people in the short term but you say that makes it's stupid shapes so let's talk about the effects -- what senate why.
What where's the opportunity I guess is you look ahead.
Well I think the opportunity is obviously you get paid while -- way.
And secondly is I think that the new Chinese premier is doing a terrific job as far as you know mending some of the problems they've had with see throughs and with bridges to nowhere and all lab.
Plus the fact they have three and a half trillion in reserves granted the FX I has some of the major Chinese companies China Mobile and China oil and some of the banks and yes just like our banks they need some shoring up and clean up.
But China has the resources to do that you can also look at another ETF that the but at the -- the large caps but you -- a second Chinese centric ETF cracked.
Yes I think CH IQ is is a consumer oriented one -- would be small caps if you can trust their accounting which is hard to do.
And MC HI is the broadest one and also has a 4%.
Or better yield.
But now the individual names.
I hear about Google and that and Google's sort of counterpart -- although -- Google's not China anymore about over what happened but -- is yeah.
And therefore they get a great opportunity for.
More commerce more action there -- like that name.
We do like -- do I think that by do it and again -- performed very well it was left for dead people thought well you know they gonna lose their Internet.
-- business and they really haven't they've grown.
And you know there's certainly China centric but still that's pretty good the other one would be China Mobile again more than 4%.
Wait and see -- mean -- is in.
From apple has been in shiner and I wouldn't be surprised that they come out with something now.
On a dual basis that looks pretty good for a new cheaper iPhone high Smart a Smart -- phoned Chris -- not hearing you mentioned US names why.
Well I think that when you look at that US valuations we've had a pretty good run.
-- I look at it is more about eighteen times earnings.
And it's hard to find things that -- cheap maybe -- some defense companies.
You know there's a few odd names here -- there.
But generally speaking I think it's a good time to trim.
I'm not necessarily bearish and I think that that is a downward bias until after Labor Day and then when the eighteen is back on the desk I think we'll see some -- turn around.
So nice to see -- Chris thank you so much.
Thank you -- Chris fertile some as a global financial private thank you so much great to see we've got a.
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