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.
Themes for the next decade: Cannabis, 5G, and EVs
A lot changes in 10 years, and many changes are expected by the time 2030 rolls around. Some key themes have already emerged, and we expect them to continue to impact investing decisions. At the recent Morningstar conference, several panelists joined a discussion about several major themes for the next decade, including cannabis, 5G and Read More
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)
The Biggest Site Visit Ever
An early form of Securitization
Insider Weekends – June 17, 2011
Hilltop Holdings – holding on to a hill of cash
Autologic is case study in value destruction
Hedge funds target Yankee stadium parking bonds [Bloomberg]
Private investor apathy must stop
Profiles on some big mutual fund managers [Bloomberg]
Option traders most bearish since 2009 bottom [Trader’s Narrative]