Is an investment in “The Happiest Place on Earth” a contrarian stance on global political and economic strife? Or is it simply one consumer-focused big cap — Todd Ahlsten of Parnassus likes undervalued Disney for its streaming catch-up — in a diversified portfolio?
Don’t like Disney
much right now? Check in with the rest of this year’s Barron’s Roundtable, in which the 10 participants, including Ahlsten and his five stock picks, shared their stock (and bond and fund) favorites for the new year.
The pros offer up 48 specific ways that they think investors can prosper in a changing and tumultuous world, including the best selections among down-and-out industrials, fast-growing pharma stocks and which pick within the dollar-store dominion is the best bet (cheat sheet: it’s Dollar Tree).
In last week’s Barron’s issue, the gathered group revealed their big-picture outlook for the economy, interest rates and financial markets, along with concerns about tech disruption and government debt.
As for recommendations, Abby Joseph Cohen of Goldman Sachs has China’s middle class in mind with at least one of her picks from afar. A gritty go-to for T. Rowe Price’s Henry Ellenbogen is Waste Connections
because trash collection, he argues, is safe from disruption. He also likes a ski resort.
Mario Gabelli detailed how to take a stake in America’s past time, baseball. His nod goes to Liberty Braves Group
, a holding of John Malone’s Liberty Media, which owns the Atlanta Braves, its minor-league franchises and SunTrust Park, where the club plays. This pick or others from the investing pros may make sense if your own batting average is in the basement.
Beyond stocks, bond-market pillar Jeffrey Gundlach of DoubleLine Capital shared with the Roundtable that he’s looking beyond traditional fixed income to a gold stock fund
Plus he double-downed on his junk-bond warning.
Read more Barron’s Roundtable picks: