Shares of Becton Dickinson (BDX) are up almost 12% so far this year, nearly doubling the return of the S&P Health Care SPDR ETF (XLV). Allen Bond, portfolio manager for the Jensen Quality Growth Fund (JENSX), says investors should stick with the syringe-maker in 2016. 'Its global market share is somewhere around 60% and we think that’s a tremendous competitive advantage for Becton Dickinson,' said Bond. 'And it’s a business that produces a lot of free cash flow that they can then invest for growth.' The Jensen Quality Growth Fund have risen 2% this year. Bond is also bullish on shares of Accenture (ACN) which have soared 20% year-to-date. Bond said the consultant’s stock has more room to run in the coming year because of its entrenched position with America’s multi-nationals. 'We think that gives them a large barrier to entry and a tremendous competitive advantage,' said Bond, adding that it consistently boasts a high return on capital. Shares of United Technologies (UTX) have fallen 18% thus far this year primarily due to problems in its emerging markets business. Nevertheless, Bond said he expects the industrial giant to make a comeback in the coming year because of its currently cheap valuation.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
Replay:'Tension in the Markets: Cramer Tackles Trump Tweets, Boeing and Facebook
Jim Cramer weighs in on President Trump's tweets over the weekend, whether or not Boeing can be trusted after CEO Dennis Muilenburg admitted that the company made a mistake and a survey from Wall Street Journal and NBC found consumers hesitant to board the 737 Max. Cramer wraps it up with a look into Facebook's cryptocurrency push.
Boeing, Airbus and United Technologies - 3 Things to Watch at Paris Air Show
Boeing, Airbus, United Technologies among the big reveals at the 2019 Paris Air Show.
Will Facebook's New Crypto Venture Kill Bitcoin or Fuel the Fire?
Facebook FB is entering the crypto-space with the roll-out of its latest venture, 'Libra' later this week.
This Landmark Is Among the Wealthiest of Its Kind - Can You Name It?
Time for some trivia. Watch the video to name this 300 year old building.