You’ve heard enough about Europe, China, the November elections, tax hikes, spending cuts and all those other threats looming over the markets.
What you want to know is how to position for it all?
When the environment becomes as unpredictable as it is now, the Fast Money traders often say – look at what’s working.
And the returns generated by Chuck Akre in the Akre Focus Fund are certainly working.
He’s beaten the S&P by more than 15% over the past year. And Akre tells us he thinks the best stock to own right now is Mastercard.
“It's a phenomenal business,” explains Akre. In fact it’s his top holding at the time of writing. Take a look.
Top Holdings Of Akre Focus Fund
Ross Stores 6.4%
American Tower 5.8%
Dollar Tree 4.7%
TD Ameritrade 4.6%
The TJX Companies 3.9%
LPL Investment Holdings 3.4%
Lamar Advertising 2.9%
Source: Akre Capital Management
Fundamentally Akre thinks Mastercard is in the sweet spot.