It has implemented the ‘Internet of Things’. You can order without people. They are getting great margins. He would be a buyer on a pullback. It is at a record high on a 20 year chart.

With deregulation in the US he thinks this is a very interesting play. It has come back after Trump got in. Now is the time to get back in. He is continuing to buy on pullbacks. He thinks Trump is going to be able to deregulate the financial industry. (Analysts’ target: $244.04).

Don’t buy Canadian real estate. Home ownership is at decade lows. The new Silicon Valley is San Antonio. With deregulation, home ownership should increase. (Analysts’ target: $18.77).

For the Europeans to solve Europe they have to solve Greece. They are going to get a deal done. He likes Greek banks but this is a safe way to participate in the global economy. This could be THE trade in Europe as we go forward.

How will rising interest rates affect this, up or down? If you believe preferred shares are a little undervalued compared to bonds, higher interest rates are going to have a negative impact. Doesn’t think it will be as dramatic as the impact you would get if holding a bond portfolio. This is not a bad way to hedge your bets on a higher interest rate environment, because as rates go up, they will reset the preferreds at a higher rate to keep the price steady.

India is a growth market, so India and China fall into the same category. India has 300 million middle class people, which is a pretty staggering number. Longer-term, this is probably not a bad place to be.

January 66 Call Option. The price of this is below where the stock is actually trading. You have until January, and he would not exercise an option early. If you exercised the option, you would be giving up the time value which is part of the option’s price.