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-- a guy who owns a big chunk of stock of his by the Howard ward is the chief investment officer of gamco funds that gamco growth fund GAT TX.
Howard it -- got 54000 or so shares of apple it's down today what you think of the announcement.
Well I think it was pretty much as telegraphed.
To me the one mystery that remains out there is what's going on with China Mobile.
There's been a lot of high level of expectation and rumor.
That they would use today or tomorrow to announce a definitive deal with China Mobile which as you know has over 700 million cellular subscribers that hasn't happened yet I'd like to think they're going to announce that tomorrow.
But to me that's the missing link I think there's a little bit of disappointment also that.
The pricing was not.
Well enough for some people's liking now I have to tell you that if the -- in his lower Wall Street would be upset that.
The low pricing would infringe on their margins so the company is walking a fine line here.
They need to bolster their market share without sacrificing margin it's not easy to do.
But that's that's the trade -- margin vs volume.
Well let -- Wall Street is classic what have you done for me lately -- -- never satisfied but.
You should be satisfied -- out our show back in April I believe that April 20 -- or so and you picked apple insists that it.
It is up about 17%.
He also picked Priceline up 38%.
Since -- -- -- April 20 -- he's got three.
Name's Howard right now but before we get to that.
Tell us what you think is gonna happen by year's end we've only got a couple of months left of what -- expected for the S&P 500 at the end of the year.
Well I think that there's a bit of a positive story developing here with the economic DA here in the United States.
As well as the eurozone.
China and Japan all beginning to.
Improve and so I see some acceleration.
In growth are certainly better expectations for growth for next year.
As we -- -- move into the final couple of months of this year I think the market moves higher.
I would say fifteen times about a 117 dollars of earnings on the S&P which is that.
Consensus expectations for next year would be a good target for year end this year so at the end of this year we should be discounting.
Expectations for next year they -- you about 5% upside.
Not a lot but over three to four months it's a pretty reasonable annualized return.
Well -- let's throw up on the screen the stocks that you like right now three of them everybody write these down to BE aerospace is one of them -- also like Google right now you like Continental Resources.
Let's tackle -- resource the DEA aerospace right now aerospace -- been a touch and go business where do you -- -- why is that your choice.
Yes that this is so BE aerospace.
Has a market share of approximately 45%.
-- the interiors.
Both commercial and private jet so.
They make the laboratories the -- the -- pretty much the whole thing with -- 45%.
Market share and there's a really a tremendous boom going on right now in.
Commercial jet manufacturing both -- Boeing and with Airbus so they fully participate in that.
There have been a tremendous backlog it's gonna see them through the next few years 20% growth most likely next year in earnings selling at seventeen times -- -- aren't.
Howard give me a lot on Google an exciting time for all tech companies as we see here during three days of the valley.
Seventeen times earnings for the dominant search engine 65% market share in US 80% globally.
Mobile search almost -- 100% share so -- look very innovative tons of cash generation got to love it.
Everybody's ready to see Google I get added to the Dow Jones industrials we will see Howard ward of gamco thank you for joining us great to see -- -- we do.
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