Another Montana man who really knows his stuff. James is a true market historian and believes that housing still has 1-2 more years of pain before we see the bottom. He is advising his clients to get defensive with their portfolios. He has increased his cash position to 35% and has picked high quality stocks from three defensive sectors; consumer staples, healthcare, and energy. Coca-Cola (NYSE:KO) has 80% of its total sales come from over-seas which is important because of the falling dollar. He likes Johnson & Johnson (NYSE:JNJ) and Abbot Labs (NYSE:ABP) for healthcare. EnCana (NYSE:ECA), Devon Energy (NYSE:DVN), and Conoco Philips (NYSE:COP) are good ways to profit from high energy prices.
Very smart commentary on topics that affect everyone. LISTEN IN!
http://www.wallstreetreporter.com/page.php?page=featured&id=27267
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1 comment:
Great review of james stack.
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