This is one of the “bluest” blue chip with a AAA credit rating. Consumer staples companies have had a tough time this year. It is a fabulous company and has several levers it could pull to unlock value. It is a good defensive investment with a good yield.

He would be a buyer here, although it is not his highest rated pick. There are a lot of growth drivers, but it needs new leadership to consider breaking this into separate entities. It is only 11 times earnings and has a good dividend yield.

He has been cautious on tech generally as there has been so much money going into the sector. The valuation is still cheap, but getting towards higher levels and recent earnings did not prove up these metrics. He would look to add to his position on this pullback.

This financial services firm has billions under management in private funds. It depends on your outlook on interest rates and the economy. If the overall financial sector continues to grow you will do well here.

The success of this will be driven by interest rates remaining reasonable and continued growth in the economy. The MLP format changes will likely favour this one on balance.

The Amazon of China. It is growing in leaps and bounds, controlling internet commerce. You have to be careful on the valuation. He would take a wait and see approach.

A diversified financial services company. Low interest rates in Europe make it even tougher for this sector to be successful. It has never really recovered from the 2008 down turn and it trades below book value, he believes. One of the problems is distinguishing themselves in a competitive market. This is an acceptable investment, but not a stand out.