DON'T BUY
This French bank has underperformed many years. So many banks are on sale globally and there is better upside elsewhere.
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TOP PICK
Best in class. They have bought back 50% of shares in the last 15 years with continuous dividend increases. Long track record of cash flow. Home insurance is thriving, because people are making fewer claims. Also, EV's are making cares much safer to drive, so there are fewer accidents and fewer claims to pay out. Profits look great looking in the next few years. It's on sale trading at 9x earnings. (Analysts’ price target is $142.76)
insurance
TOP PICK
AXP has deployed cash well by buying back shares and raising their dividend. Warren Buffet last bought AXP in 1998, owning 11%, but without adding another share, he now owns 20% because of ongoing share buybacks. Trades have declined from recession fears and business travel is down. However, AXP is consistently profitable through thick and thin. Great cash flow yield. (Analysts’ price target is $178.00)
investment companies / funds
TOP PICK
CVS is a major pharmacy benefits manager providing tons of data to large companies lioke GM. He likes the pharmacy business, because it's much cheaper to go to the pharmacy for a vaccine instead of a hospital. Pharmacy will gain market share. CVS will return to dividend increases after their Aetna acqusition. Trades at 10x earnings. Very well-position. This is recession-proof. (Analysts’ price target is $116.70)
specialty stores
BUY
Buy US banks? He's very bullish on the money-centered banks. Global banks are all down, so now is a good buying opportunity. They're down because the are exposed to investment banking. There is less M&A and few IPOs coming, so these revenues are certainly down. Secondly, the yield curve is flat to inverted, so net interest margins are squeezed. However, this is a short-term cyclical problem that will self-correct. These banks pay good dividends and offer good free cash flow at low PE's. What are you waiting for?
investment companies / funds