Portfolio Manager Recommends Medco And Unilever (MHS, UL)

GDP growth is expected to remain lower than anticipated. This view has been voiced by Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates. In an interview with CNBC, he advised investors to avoid Industrials and commodity stocks. He added, “Even if the economy improves, we’re going to see interest rates go up and cost of capital go up. I’d rather own companies today that have good organic growth in the U.S. or overseas than wait for higher GDP, because we’re going to have too many negative things down the road to give us that higher GDP.” He recommended Medco MHS and Unilever (ADR) UL.
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