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CNBC News Associate
Warren Buffett agreed to buy one of America’s largest railroad companies in a deal valued at $44 billion. So what does Buffett’s move say about investing in America right now? David Pearl, co-chief investment officer of Epoch Investment Partners, shared his insights.
“It’s a cyclical bet but it’s totally domestic,” Pearl said of Buffett’s decision to acquire Burlington Northern [BNI
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“We prefer companies that have international expansion as well as U.S.”
Pearl said the U.S. economy will eventually recover, but international economies such as those of Asia are currently doing better. So he suggested investing in companies that have prominent international exposure.
Pearl’s Picks:
Tupperware [TUP
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Visa [V
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Boeing [BA
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LabCorp [LH
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Microsoft [MSFT
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And Don't Miss:
Thomas Russo of Gardner, Russo & Gardner shared his best "Betting on America" stock plays. Click to see his recommendations.
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More Opinions on Berkshire's Acquisition:
- Pisani: More on Buffett and Railroads
- 'Fast Money' Blog: Buffett's Next 'Big Elephant'?
- What Buffett's BNI Buy May Mean for Other Rail Stocks
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Disclosures:
Pearl owns shares of MSFT, BA, LH, and V, but does not down shares of TUP.
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