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Frank Holmes: There’s Plenty for Investors to Be Positive About

CNBC Asia’s Bernie Lo welcomes Frank Holmes back to the program, this time to get his thoughts on the stock market approaching new highs. Frank says it’s important to recognize why this is happening, pointing specifically to FANG stocks and the impressive performance of Amazon recently. He also discusses strong purchasing managers’ index data coming out of Europe, and how growth overseas, along with a weaker dollar, has produced “give and take” for investors. Overall, however, Frank says these factors are pretty bullish.

 

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FANG is the acronym for four high performing technology stocks in the market as of 2017 – Facebook, Amazon, Netflix, and Google (now Alphabet, Inc.).

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings.

The Purchasing Managers’ Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.

The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.

Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more accounts managed by U.S. Global Investors as of 06/30/2017: AirBus SE, Boeing Co/The.