Bill Smead Likes Merck And Disney (MRK, DIS)

Stocks had a rollercoaster ride this week. Bill Smead, chief executive and chief investment officer of Smead Capital Management, told CNBC, “While everyone’s worried about what’s going on in Greece and Spain, things are improving significantly for U.S. consumers.” He said that he has bullish bias about the market. He further added, “American corporations are the most flush with cash they’ve been for 25 to 30 years and profit margins are excellent.” He also shared his stock picks with CNBC. He endorsed Merck MRK, Disney DIS and EBay EBAY. He also likes Abbott Labs. ABT, Nordstrom JWN and Amgen AMGN.