On this week’s Consuelo Mack WealthTrack,Consuelo interviews two top investment pros. BlackRock’s Chief Equity Strategist and respected mutual fund manager, Bob Doll, and Morgan Stanley’s Chief Investment Strategist and asset allocation master, David Darst will discuss where to diversify your portfolios globally.
I will profile some highlights of Bob Doll’s comments:
bob Doll is bullish on the economy.
Credit rates are low, and global growth is accelerating.
Individual investors only got into the rally recently.
A lot of cash on the sidelines.
He is overweight equities; both US and Emerging, commodities, REITs, inflation linked securities.
He likes the big blue chip stocks.
He is underweight cash, which has a negative real return now.
He thinks that China raising rates is a positive sign.
Bob Doll is very bullish on Aaple sees the stock at $420.
He likes Healthcare companies, which are at 12-13x earnings with 3-4% yields.
He likes utilities with their high yields, especially as the baby boomers retire and want some safe yield.
He likes the “global gorillas”, which have huge exposure to emerging markets like Coke, PG, Nestle etc.
He also likes companies that have special drilling capabilities like Halliburton and Schlumberger
He thinks new economic policies will be implemented that will be favorable for investors and the economy, as election season comes closer.
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