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.
Book of the week:Warren Buffett Invests Like a Girl: And Why You Should, Too (Motley Fool) (June 21st)
Japanese Net-Net Investing Part II – Dainichi (5951:TYO)
The Biggest Site Visit Ever
Once again, the banking sector is improving
Biggest Distressed Debt Investor Marks Europe After 22 Years of 19% Return
Complimentary Berkshire Hathaway Analysis Available Now!
All revenue is not created equally
Buffett on How to Evaluate an Acquisition – Seeking Alpha
An early form of Securitization
ITEX: Intrinsic Valuation Simplified :Yes and No
Correction: How to Make More Returns on REITs
Insider Weekends – June 17, 2011
Hilltop Holdings - holding on to a hill of cash
China investors: beware of inequality – By Edward Chancellor
Shiller Sees ‘Substantial’ Probability of Recession
Euro Strengthens on Possible Aid Deal
Autologic is case study in value destruction
Hedge funds target Yankee stadium parking bonds [Bloomberg]
Private investor apathy must stop
Baupost Group Shows Position in Gabriel Resources (TSE:GBU)
Cablevision Board Approves Spinoff Of AMC Networks; Date Set
Chasing Your Tail Risk
Universal Security Instruments: In Disguise
Profiles on some big mutual fund managers [Bloomberg]
Munich Re — My Value Idea Contest Submission
Option traders most bearish since 2009 bottom [Trader's Narrative]
Post Re-Org Equities: Russell 1000/2000 Index Changes
iSOFT – Using John Paulson’s Merger Arbitrage Checklist — GuruFocus.com
Graceland and the Heartbreak Hotel need facelifts…
Will 'Floating Rate' Funds Really Float?
Bill Ruane's “Meek Lamb” Mentality for Value Investing
Sino-Forest Says Top Shareholder Paulson Offers Advice After Stock Plunges
U.S. stock fund outflows hit 9-month high as more investors cash out
LightSquared Reaches 15-Year Sprint Deal That May Be Valued at $20 Billion
3 Quick and Easy Valuation Methods to Use in Any Market
Job Losses = Job Creation
Picking Net-Nets: Why Retained Earnings Matter