Consider Disney, IMAX and videogame stocks, says investment advisor Ross Gerber.
Oil prices up so to our stocks just one day had a key fed decision on interest rates. What does from Los angles for analysis is rocked Gerber he's the younger college. Welcome back Ross that is all our oil in today's market action or is the Fed's expected moved. Well. I think the lit office actually helping propel stocks higher we've been waiting for this moment it feels like effort that your plots and it's finally here in the economy can sustain. Higher rates but we talking about higher rates were really just talking about a small increase in rates that we see maybe a couple heights and that and LB yet because you know rates going higher. If I rough using this rate hike this week that than that none of that once. Well because they think that we focused on it so much says that. The market's already taken into it all the rate and so. You know because we're not talking about a world going to let that 0% interest rates to 5% interest rates. We're really talking about going from Europe won the actual impact on the economy will be very very minimalist relate to psychological at this point. The government price and easy it hardly see stocks react if there is indeed a race high winds and how would react if the Fed upon. I think at this stocks move higher with the rate hike I think that. Investors want certainty and once we know that we're in this and fire now. And where we're going I think that it will give investors a chance to make some investments into the stock market. I do think if the Fed passes. It creates again more uncertainty or volatility and we're already seeing problems in cracks in the market so I think it would be a mistake for the Fed to miss the opportunity. There was a fear factor earlier about the oil goblet things about that yesterday and today. Warnings or having. Oil's going much lower this is a disaster I've Saudi Arabia. Strategies to what the US oil business out of business so that they can meet any there there output and income. In doing this they're willing to push oil prices low and lower so we have several million barrels of oversupply there's no way that oil prices can go any higher and less ice this war I ran attack the Saudi oil facility. So in other other than war we really see oil would be our our our. I'd be attacked a urine LA Star Wars the fourth awakens. Do you mind being in its debt to be out in theaters Friday. Is there any way for investors to make a plan. Absolutely you know there's been a pull back markets so there is a great opportunity for investors are right to get into names like it's me and IMAX which our top holding firm. And you know I. How big it's going to be I don't wanna spoil the premiere but the word out is that the movies rate we deliver we're gonna see a record weekend this weekend and billions and billions of revenue companies like it is the end IMAX will really profit from this I also like if you game with each day. I was bow front at great opportunity right now to still yet to be as this Star Wars being played out idol expert the short term but for the long term. Okay we'll look at on movie of the weekend thanks lot Ross for. Out. Our thanks to Ross Gerber or Gerber cause that I'm Brad Kopp I am this is Reuters.