Morningstar Director of Economic Analysis
We still underestimate the life-changing nature of the natural gas boom in the U.S. There are more chemical companies, fertilizer companies, manufacturing companies moving to the upper Midwest thanks to the shale boom. We continue to underrate the power of the energy boom in this country. We can’t seem to get ahead of it fast enough.
Next year at this conference we are going to be talking about labor shortages, not unemployment. Job openings are growing, but employment is not. Why? A skill mismatch. We can’t find enough truck drivers, airline pilots and skilled factory workers.
Director of Fund Research and editor of the monthly newsletter Morningstar FundInvestor
I'd recommend American Funds International Growth and Income fund. They are taking a dividend strategy and applying it overseas. Also IVA International. Not a buy, since it’s closed, but a hold. It’s had a crummy five-year record, but in a correction, it will perform well.
Morningstar Global Head of Equity and Corporate Credit Research
Amazon. Forget the phone. Amazon is attractive because of the disruption in the retail space. Just a massive scale compared to its peers. It’s a wide-moat firm. Profitability will come through. Don’t get caught up worrying about their international expansion. Cut through short-term noise. In North America, they are already seeing profit margins.
Global Chief Investment Officer for Morningstar Investment Management
When the market opportunities are so limited, it doesn't make sense to be fully invested in the market. Having a large amount of cash means you can make more aggressive investments as opportunities come up. In some cases we're going to 40 percent cash.
Morningstar investment analysts spoke about the current state of the market and their investment recommendations during a roundtable panel discussion on Wednesday at the Morningstar Investment Conference. Here are the top takeaways.
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