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Automatic TRANSCRIPT

The markets are country and our daily lives Gerry has seen it all and provides real money management for real people because after all money matters now here's Gary Goldberg hello everybody this is Gary Goldberg on money matters welcome to the program for the past number of shows I have been talking to you about where I see opportunities in the stock market I have focused on the technology area particularly the fangs stocks F. A. A. N. G. Facebook apple Amazon Netflix and Google well the five biggest players have just reported fifty five billion dollars in net profit in the most recent quarter that's more than twenty percent of the entire stay in imports five hundred income and it's about twenty percent of the entire market value I heard something cute the other day now that there are four companies worth over a trillion dollars Microsoft apple Google and Amazon think about that for a moment and I'm not getting political in any way what is the first letters of those companies begin with M. A. G. A. make America great again that's a coincidence but isn't that amazing to see that observation Microsoft apple Google and Amazon M. A. G. A. now this is in spite of the fact that the trump administration has put a target on the back of these companies the FTC has actually fired the latest salvo of their scrutiny on the big tech they are trying to break them up they are addressing them based upon political reasons because Amazon publishes for example The Washington Post so president trump is against Amazon he's against many of these companies apple and Facebook but not withstanding all of the attacks and these companies I have been on this program telling you that that is where I believe the opportunities lie if you were going to be an investor for the next several years you'll need to be in technology we have just gone through the earning season earnings are doing amazingly well why because of technology technology has allowed companies to increase their earnings and that will continue they are spending more and more on technology not withstanding the increasing regulatory scrutiny on these companies those stocks continue to make new highs I have mentioned on this program specifically without telling you to buy them Amazon I've mentioned the chip companies like nvidia and advanced micro devices but I will point out to you that's the reason I mention that is because if you have a three to a five year time horizon those are where the opportunities lie in the chip sector in the large quality technology companies and I would suggest that if you are an investor in some ETFs if you're an investor in some growth mutual funds you already own them I Nanshan a specific ETF last week V. U. G. was the sample Victor uncle George and I said if you own that you are owning the largest quality tech companies you need to speak to your adviser I'm not recommending them but there are ways of owning these companies that are selling over a thousand dollars a share in many cases these companies continue to make plans for an even bigger future despite all the warnings from the government that they're going to try to hold their growth or split them apart in fact if you look at Facebook they're planning to add up to forty three thousand employees they don't care you look at Google they'd ride at they agreed to buy a Fitbit for over two billion dollars apple has relied on iPhone sales for more than a decade they've leaned on their sale of iPhones will now they're gonna spend more on their services division and then of course you look at Amazon which has been making new highs they are going into the healthcare market so if you are looking for growth here's my take away for you if you're looking for growth you need to own technology companies little later in the program I'm actually going to be talking about the oil sector because John Hoffmeister the former president of shell oil company is going to be on with me and we're going to talk about the security of dividends and some of these oil stocks with the corona virus doing what it is doing are you sure you that there is a major concern in the oil sector the price of oil is come down as I'm speaking today it rallied a bit but the reality is there is a fear of lower consumption in the oil industry is your dividend in jeopardy when you talk about is the stock market going to go up is agreed go down you have to isolate the sectors of the market that's what a quality money manager does if you just want to buy the S. and P. five hundred that's one way of participating in the market but what happens you get a combination of the good the bad the ugly you don't want the ugly you want the good you don't want the bad the ugly so that's where a money manager comes in in your planning for your future so when you look at the fangs stocks F. A. A. N. G. I am bullish on them and I think with all of the anti trust stuff that is going on if you break them up that doesn't mean the value will go down if you are concerned about the government getting involved I personally think they'll walk away with a little scratch maybe some fines when all of this is said and done they are dynamic companies now if you are looking for income you're not going to get them from those stocks that's why a balanced portfolio is very important you want to split your portfolio in growth and income income comes from real estate investment trusts from oil stocks for utilities growth comes in my opinion from technology at this point time.