BOSTON (TheStreet) -- Cisco Systems (CSCO - Get Report), General Electric (GE - Get Report) and Hewlett-Packard (HPQ - Get Report) are poised to outperform if the U.S. economy continues to grow at a weak pace, says Jim Meyer, chief investment officer of Tower Bridge Advisors.U.S. companies with consistently high free cash flow, earnings growth that outpaces the economy and substantial international sales are Meyer's three main criteria. West Conshohocken, Pa.-based Tower Bridge Advisors, which has $850 million in assets under management, manages accounts based on that trading strategy. The benefits of free cash flow, namely potentially higher dividends and stock buybacks, will account for a larger chunk of investor returns if the U.S. economy grows at a slower pace, which economists expect. As a result, investors will be lured by companies that tap into growth outside the U.S., particularly in emerging markets.
|Jim Meyer, chief investment officer of Tower Bridge Advisors.|