You want to own the ‘haves,’ says Tom Plumb of the Plumb Balanced Fund.
You might have heard analysts and investors saying the U.S. stock market is in the “late innings” of the bull cycle.
“Apple is in the process of trying to establish recurring revenue streams and going form a hardware company to a software and subscriptions company. They have a long way to go, but obviously the most profitable company in the world has the potential to do it,” Plumb said. “The dialogue in the fall was the U.S. going into recession,” Plumb said. “But, now, we look at a company with an 8 or 9 price-to-earnings ratio and think it is pretty darn attractive.”
When asked about the potential for Visa and Mastercard to be threatened by competing transaction processors and new technology over the long term, he said that the companies, with their bank partners, “offer us a limit on our liability if there is fraud or hacking. That is huge and still a significant backbone.”
Plumb emphasized that “Netflix continues to have negative cash flow.” Disney’s strong financial position means it can eventually “become a meaningful player” in the disruptive internet entertainment distribution industry, he said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
These factors determine whether you will be part of the haves or have-nots in retirementNew research finds that education, race and gender have a lot to do with how much you struggle in your golden years.
Consulte Mais informação »
Electric Car Charging Stations Are The Newest Must-Have Home AmenityAs the electric car market grows — sales of electric vehicles in the U.S. increased 81% from 2017 to 2018 — car chargers are the latest must-haves for new luxury developments.
Consulte Mais informação »
Donald Trump claims every world leader congratulates him for U.S. having the 'hottest economy on Earth'President Trump has been making the same claim at rallies and events across the nation for at least the past year.
Consulte Mais informação »
These factors determine whether you will be part of the haves or have-nots in retirementNew research finds that education, race and gender have a lot to do with how much you struggle in your golden years.
Consulte Mais informação »
The US is having a tough time convincing the world's biggest democracy to ditch HuaweiAn Indian official told the Journal that Huawei 'can't be ignored' because it is at the forefront of 5G technology.
Consulte Mais informação »