The U.S. economy could be slowing down, but RDM Financial Group's Ron Weiner has three sector picks that could weather any trouble ahead.
The Federal Reserve painted a more somber economic picture this week, and one money manager said its outlook is on the money.
To hedge against an economic slowdown, Weiner is betting on sectors with disruptive technologies and stocks. Financial stocks have underperformed the market, but Weiner sees an overdue bounce coming to the group driven by cheaper valuations and increased capital return through buybacks and dividends."Companies like PayPal that are in the processing of payments — in a lot of ways, they're the future," he said."Find financials like PayPal that are going to do quite well going forward."Technology's omnipresence should help drive that sector higher, Weiner said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Martha Stewart's Daughter Lists Custom Three-Level Condo For $53 MillionMartha Stewart's daughter, Alexis, has listed her $53 million condo she created by combining four different units.
Baca lebih lajut »
Martha Stewart's Daughter Lists Custom Three-Level Condo For $53 MillionMartha Stewart's daughter, Alexis, has listed her $53 million condo she created by combining four different units.
Baca lebih lajut »
Three days after Christchurch shootings, families wait to bury the victimsThe youngest victim was a three-year-old whose family hasn’t seem him since
Baca lebih lajut »
‘Three spots’: Alleged bribery of tennis coach stings Georgetown admissionsFederal prosecutors say Gordon Ernst was part of a conspiracy that infiltrated elite schools.
Baca lebih lajut »
Nebraska, Iowa and Wisconsin declare emergencies amid 'historic' flooding from 'bomb cylone'At least three states including Nebraska, Iowa and Wisconsin have declared states of emergency in the wake of historic flooding and blizzard conditions caused by the 'bomb cyclone.'
Baca lebih lajut »
President Trump blasts three Fox anchors, including Shepherd Smith, says they 'should be working' for CNNCNN's 'where they should be working, along with their lowest rated anchor, Shepard Smith!” Trump tweeted.
Baca lebih lajut »
Three Questions You Must Ask Before Pursuing A PromotionThinking about going after a promotion? To be certain you're pursuing it for the right reasons, at the right time, ask yourself these three questions.
Baca lebih lajut »