His tip: Don't let go of your Disney stocks.
The start of December is testing this Teflon stock market. Wall Street’s open is looking rough for Tuesday after U.S. President Donald Trump said a China trade deal might have to wait until after the 2020 election. That came after the worst day for stocks in eight weeks.
“I don’t think people fully realize the monopoly Disney created in Hollywood by not just content, but ability to monetize in so many different ways,” said Gerber, whose firm has $1 billion under management. He also likes investment company Blackstone Group BX, -2.43%, for its share distributions and potential upside if the economy is still strong. Another pick is multinational logistics real-estate investment trust Prologis PLD, -1.68%, a global play if the world’s economy continues to improve. Its customers include e-commerce giant Amazon AMZN, -1.07%, parcel delivery company FedEx FDX, -1.26% and retailer Walmart WMT, +0.16%.
The market Dow YM00, -0.94%, S&P ES00, -0.78% and Nasdaq NQ00, -1.04% futures dived on Trump’s trade zinger. European stocks SXXP, -0.45% are down and Asia ADOW, +0.18% had a tough day.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 Gifts Every Guy Will Want This Christmas 2019 / 2020 » Fashion AllureDecember’s arrived, the Christmas adverts have increased and it is becoming more and more difficult to avoid Noddy Holder’s whining vocals. That can only mean one thing: time to do your Christmas present shopping. Read about the best Christmas gift ideas for your boyfriend.
Read more »
Holiday Gifts at the Top of Everyone's List 2019 / 2020 » Fashion AllureIt comes every year, but Christmas never seems to get easier to shop for. To make your holiday shopping experience easier, we’ve narrowed our guide down by personality type so you can pick a present that tailors to everyone’s tastes.
Read more »
Fair Isle Sweaters to Warm Up Your Christmas 2019 / 2020 » Fashion AllureInspired by the classic Nordic patterns, Fair Isle sweaters have unquestionable style. They combine the advantages of a the work-to-weekend versatility and an on-trend attitude.
Read more »
Awards Season 2019-2020: Key Dates to Know for the Oscars and MoreTime to prep your Best Picture marathon - we've got all the key dates leading up to award season! 🍿
Read more »
What to Wear to a Christmas Party? Top Outfit Ideas 2019 / 2020 » Fashion AllureYour office Christmas party is a great official event to dress up for. But it's not always easy to decide on what to wear. Sparkle just as brightly as the holiday lights in festive pieces designed by Tamara Mellon made for celebrating the season.
Read more »
Here's How Celebrities Spent Thanksgiving 2019Eat up and give back with Justin and Hailey Bieber, Lea Michele, Kate Hudson, Barack Obama, and more.
Read more »