freedom as soon as possible, a mystical place that used to go by the name breakeven. But at least one investment pro is loathe to bail on his blue-chips and dividends, preferring the steady, familiar predictability of McDonald’s (NYSEArca:MCD) – at an all-time high – to chasing the white hot momentum of a Netflix (NYSEArca:NFLX) that’s gained about 40% in the past month.
“We conclude that, while the Europeans may not like McDonald’s, it is one of the last places they can afford to eat,” says Matt McCormick, VP and portfolio manager at Bahl & Gaynor. He says despite an obvious slowdown in Europe and the UK, the $100 billion heavy weight of the Consumer Discretionary sector saw strength in its sales in those regions with average meal costing below $6. He also likes their growth in emerging markets and the earnings that should generate to power future dividend increases, which have gone up for 35 straight years.
See the full “Breakout” interview below: