This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

[video] Quick Take: Retail Sales Climb as Jobless Claims Surge

NEW YORK ( TheStreet) -- On a day when retail sales numbers were better than expected and jobless claims numbers surged, George Young, co-portfolio manager of the Villere Equity Fund, told  TheStreet's Ruben Ramirez he expects consumers will continue to spend and the jobs numbers will improve in 2014.

"We tend to be eternal optimists at Villere Income, and we like to think that the economy's going to be a lot stronger," Young said. "There are a lot of interesting things that are happening right now. You've got housing, which is a big important part. You've got Christmas consumers that plays about a 70% role in the health of the economy."

Young said Villere looks for stocks that investors can buy and hold. "We've got plenty of stocks as bottom-up investors that we think are going to do well regardless of how the economy plays out," he said. "We also happen to be domestically oriented." Young said there's a "big bubble" in Asia and little growth in Europe. "So America's really the place to be," he said. 

One stock he recommends is the retailer Conn's  (CONN - Get Report). "It's a retailer but it's really a financing company," he said of the company that has about 70 stores in Texas and New Mexico and is expanding westward.

"What's interesting is only about a third of their customers are cash and carry," Young said. "The rest Conn's finances" at a rate of about 20%.

"It's important because the things they sell are what people need to get started," he said. "They sell mattresses, washer-dryers, big-screen TVs, those sort of big-ticket items."

Young added that the stock price has tripled in the past year.

-- Written by Carla Baranauckas in New York.





Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CONN $30.54 0.30%
AAPL $127.60 2.28%
FB $83.09 2.87%
GOOG $535.38 2.16%
TSLA $205.27 -0.74%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs