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Gamco's Howard Ward Discusses Investment Strategy, Talks About Apple, Amazon and Boeing
Posted by: Dheeraj Grover (IP Logged)
Date: January 10, 2013 09:15AM
Well-known value investor Mario Gabelli's Gamco Investments chief investment officer, Howard Ward, was on Bloomberg to discuss his outlook for the market, his views on Apple valuation versus Amazon and recent issues with Boeing's Dreamliner. He also discusses the trends of oil prices and what he expects from the Chinese economy
-- Boeing (BA) will get over the issues with its Dreamliner and will be one of the very popular plane models.
-- U.S. investors should latch on to some of the U.S. domestic oil and gas companies. Three that he recommends: Continental Resources (CLR), EOG Resources (EOG) and Pioneer Natural Resources (PXD).
-- Does not recommend Exxon Mobil (XOM) and BP (BP) as they don't have as high growth as the smaller players.
-- Investors are underestimating the potential of Apple (AAPL).
-- No concern about margins. Cheap iPhone model in emerging markets will be great. They are at a point where they cannot ignore growth in emerging markets, and the idea is good that with the cheaper version they will be able to introduce their product and brand to a much larger consumer base.
-- Just compare AAPL with AMZN: Apple has excellent margins and is getting beaten down while Amazon is being rewarded for not making any margins. That is an amazing dichotomy of the stock market.
Credit and source: www.bloomberg.com, Bloomberg
Here is the video:
Guru Discussed: Howard Ward: Current Portfolio, Stock Picks
Stocks Discussed: AAPL, AMZN, BA, CLR, EOG, PXD,