Kenneth Fisher, chief executive officer of Fisher Investments Inc., talks about his equity investment strategy and some of his stock picks. Fisher speaks with Margaret Brennan on Bloomberg Television's "InBusiness."
(Source: Bloomberg)
Also read his slide show in which he highlighted a few of his picks:
http://www.forbes.com/2010/08/26/china-southern-airlines-intelligent-investing-rimm_slide.html
As of June 30, 2010, these are Fisher's top individual stock holdings:
Occidental Petroleum Corp. (OXY, Financial), Weightings: 2.26% - 8,237,853 Shares
Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental Petroleum Corp. has a market cap of $63.61 billion; its shares were traded at around $78.32 with a P/E ratio of 15.45 and P/S ratio of 4.13. The dividend yield of Occidental Petroleum Corp. stocks is 1.94%. Occidental Petroleum Corp. had an annual average earning growth of 13.6% over the past 10 years.
Siemens Aktiengesellschaft (SI, Financial), Weightings: 2.05% - 6,440,813 Shares
SIEMENS AG-ADR is the world's largest supplier of products, systems, solutions and services for industrial automation and building technology. Siemens Aktiengesellschaft has a market cap of $88.16 billion; its shares were traded at around $96.43 with a P/E ratio of 19.36 and P/S ratio of 0.85. The dividend yield of Siemens Aktiengesellschaft stocks is 1.69%. Siemens Aktiengesellschaft had an annual average earning growth of 5.7% over the past 5 years.
BASF SE ADS (BASFY.PK, Financial), Weightings: 1.89% - 9,608,659 Shares
BASF AG is the world's chemical company. We aim to increase and sustain our corporate value through growth and innovation. with a P/E ratio of 12.45 and P/S ratio of 0.73. The dividend yield of Basf Se Ads stocks is 2.89%. Basf Se Ads had an annual average earning growth of 32.8% over the past 10 years.
Cisco Systems Inc. (CSCO, Financial), Weightings: 1.75% - 23,060,879 Shares
Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $120.16 billion; its shares were traded at around $21.04 with a P/E ratio of 15.03 and P/S ratio of 3. Cisco Systems Inc. had an annual average earning growth of 20% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 3.5-star.
Applied Materials Inc. (AMAT, Financial), Weightings: 1.71% - 39,894,988 Shares
Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Applied Materials Inc. has a market cap of $14.75 billion; its shares were traded at around $10.98 with a P/E ratio of 17.43 and P/S ratio of 2.94. The dividend yield of Applied Materials Inc. stocks is 2.55%.
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(Source: Bloomberg)
Also read his slide show in which he highlighted a few of his picks:
http://www.forbes.com/2010/08/26/china-southern-airlines-intelligent-investing-rimm_slide.html
As of June 30, 2010, these are Fisher's top individual stock holdings:
Occidental Petroleum Corp. (OXY, Financial), Weightings: 2.26% - 8,237,853 Shares
Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental Petroleum Corp. has a market cap of $63.61 billion; its shares were traded at around $78.32 with a P/E ratio of 15.45 and P/S ratio of 4.13. The dividend yield of Occidental Petroleum Corp. stocks is 1.94%. Occidental Petroleum Corp. had an annual average earning growth of 13.6% over the past 10 years.
Siemens Aktiengesellschaft (SI, Financial), Weightings: 2.05% - 6,440,813 Shares
SIEMENS AG-ADR is the world's largest supplier of products, systems, solutions and services for industrial automation and building technology. Siemens Aktiengesellschaft has a market cap of $88.16 billion; its shares were traded at around $96.43 with a P/E ratio of 19.36 and P/S ratio of 0.85. The dividend yield of Siemens Aktiengesellschaft stocks is 1.69%. Siemens Aktiengesellschaft had an annual average earning growth of 5.7% over the past 5 years.
BASF SE ADS (BASFY.PK, Financial), Weightings: 1.89% - 9,608,659 Shares
BASF AG is the world's chemical company. We aim to increase and sustain our corporate value through growth and innovation. with a P/E ratio of 12.45 and P/S ratio of 0.73. The dividend yield of Basf Se Ads stocks is 2.89%. Basf Se Ads had an annual average earning growth of 32.8% over the past 10 years.
Cisco Systems Inc. (CSCO, Financial), Weightings: 1.75% - 23,060,879 Shares
Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $120.16 billion; its shares were traded at around $21.04 with a P/E ratio of 15.03 and P/S ratio of 3. Cisco Systems Inc. had an annual average earning growth of 20% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 3.5-star.
Applied Materials Inc. (AMAT, Financial), Weightings: 1.71% - 39,894,988 Shares
Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Applied Materials Inc. has a market cap of $14.75 billion; its shares were traded at around $10.98 with a P/E ratio of 17.43 and P/S ratio of 2.94. The dividend yield of Applied Materials Inc. stocks is 2.55%.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Kenneth Fisher for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
