Barry Schwartz, chief investment and portfolio manager at Baskin Wealth Management, explains why he's been increasing client exposure to travel stocks such as Delta Airlines, Hyatt, Disney and Booking.com.
U.S. Senate Minority Leader Chuck Schumer and Senator Bernie Sanders are planning to introduce legislation that would reign in stock buybacks in the United States. Barry Schwartz, says it's an "idiotic, brain-dead" idea, saying a well-done share buyback can benefit all shareholders.
Barry Schwartz says trading stocks is hard to do, so his advice to investors is: don't do it, hang onto the stock. He's referring to a high-quality company that issues bad news, sending the stock lower only to see a sharp rebound a few weeks later. Schwartz says Apple is a good example.