Modernization Hub

Modernization and Improvement
Should you modernize your portfolio?

Should you modernize your portfolio?


>>THE MESSAGE SENT TO THE MARKETS IS PRETTY CLEAR WHEN GENERAL ELECTRIC WAS DROPPED FROM THE DOW LAST NIGHT. OLD GUARD JUST ISN’T DYING. IT’S KIND OF DEAD. OUR NEXT GUEST WHOSE FIRM MANAGES 21 BILLION IN ASSETS SAYS IT’S TIME TO MODERNIZE YOUR PORTFOLIO WITH SPECIFIC NAMES. DAN CHUNG IS THE CEO AND CIO, WHY DO YOU NEED TO MODERNIZE MY PORTFOLIO WHEN MAYBE SOME OF THE DOW GAMES ARE DARN GOOD, LIKE APPLE.>>APPLE IS A GOOD NAME, WE BELIEVE, THANKFULLY. I THINK IT’S VERY EASY TO SEE. YOU LOOK AROUND THE WORLD TODAY, AND THERE ARE HUGE MODERN TRENDS, E-COMMERCE, MOBILE, DIGITAL, AND I THINK, YOU KNOW, INVESTING IN THE TRENDS AND UNDERSTANDING THAT THEY ARE GOING TO BE MORE DURABLE THAN FOR EXAMPLE, THE SHORT-TERM, I THINK, TRADE WAR FEARS AND SHORT-TERM CYCLICAL ISSUES TO RUN AN ECONOMY. U.S. ECONOMY IS VERY STRONG RIGHT NOW. MODERNIZING YOUR PORTFOLIO CAN REFLECT THE TRENDS OF THE CURRENT WORLD IS REALLY THE BEST THING YOU CAN DO.>>ALL RIGHT, YOU HAVE AN ALL-TIME HIGH OF ASSETS AT ALGER, YOU ARE DOING SOMETHING RIGHT, 21 BILLION IN ASSETS. PEOPLE HAVE THEIR HAND ON THEIR MOUSE AND READY TO BUY STOCKS. GIVE US TWO STOCKS YOU FEEL WOULD REALLY MODERNIZE A PORTFOLIO?>>RIGHT. SO THE FIRST THING I WOULD GIVE IS IN TECHNOLOGY, IT’S NOT ONE OF THE FANGS BUT SOMETHING PEOPLE ARE FAMILIAR WITH. WHICH IS ADOBE, ONE OF THE LEADING SOFTWARE MANUFACTURERS IN THE WORLD, AND TWO BUSINESSES ARE CREATED, CLOUD WHERE SOFTWARE IS USED TO CREATE DIGITAL MEDIA. VIDEOS, IMAGES, WEBSITES, AND THEY’RE THE LEADER THERE, ALMOST A MONOPOLY. AND THE OTHER PART OF THE BUSINESS IS DIGITAL MARKETING, HELPING ADVERTISERS AND BRANDS MARKET THEIR PRODUCTS AND SERVICES ONLINE, AND YOU KNOW, ADOBE IS A TERRIFIC COMPANY, GROWING FASTER THAN MICROSOFT OR MOST OF THE LEADERS, EXTREMELY HIGH PROFITABILITY AND DOING WELL IN THIS ENVIRONMENT.>>AND ABIOMED IS YOUR SECOND PICK?>>RIGHT, ILLUSTRATING EVERYTHING DOESN’T HAVE TO BE TECHNOLOGY OR A FANG STOCK, IN HEALTH CARE, SEEING INCREDIBLE TRENDS IN TECHNOLOGY BUT HEALTH CARE TECHNOLOGY. ABIOMED MAKES THE HEART PUMP, FOR PATIENTS WITH SERIOUS CARDIAC ARREST OR SERIOUS CARDIAC DISEASES, AND THE HEART PUMP SUPPORTS THE HEART BLOOD WHILE DOCTORS ARE

4 comments on “Should you modernize your portfolio?

  1. Adobe… interesting… I'll see that stocks performance (coughdrop) a year from now.

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