What are you planning on buying for your dad this Father’s Day? Ties and electronics? Buy him stocks instead, suggested Tom Anderson, associate editor at Kiplinger’s Personal Finance. He shared his best plays.
Apple —“Apple is expected to beat analysts’ expectations with sales of its iPad and iPhones,” Anderson told CNBC. “One risk this company has is from anti-trust investigations from regulators but other than that, we like Apple, even thought he stock has doubled over the past year—it’s still got room to run.”
AutoZone —“They cater to do-it-yourselfers and car enthusiasts,” Anderson said of the firm. “And there’s also an economic uncertainty angle to the stock in the sense that people are delaying purchasing cars longer and therefore need more auto parts—so I like their growth prospects.”
Jos. A. Bank —“They’re expanding to outlet stores and it’s done an incredible job since 2007.”
Under Armour —“It’s a small brand that has room to grow and there’s all sorts of overseas opportunities,” he said.
Diageo —“It’s been knocked down because of the sovereign debt crisis [in Europe], but it has good prospects because of the rising middle class in Asia,” Anderson explained.
More Stock Advice — Read and Decide:
CNBC Data Pages:
No immediate information was available for Anderson or his firm.