Unilever (UL) shares are up over 7% so far this year and the consumer staples giant will continue to perform well as it expands its reach in the emerging markets, said Michael Kramer, portfolio manager for the Mott Capital Management All Cap Growth portfolio on Covestor. 'About 60% of Unilever’s revenue actually come from the emerging markets,' said Kramer. 'Americans take for granted going to the store and picking up simple items like soap and we make up a very small percentage of the world’s population, so think about the growth opportunities Unilever can capture.' Kramer is constructive on NXP Semiconductors (NXPI), which has seen its stock rise 7% thus far in 2015. The company spooked traders with its fourth quarter earnings outlook, but Kramer said he is unbowed. 'I believe they are really trying to clean out their inventory channel so they can set up for their merger with Freescale and start the first quarter with a clean slate,' said Kramer. 'I think they were trying to reduce the uncertainty and get out ahead of it so when the merger is complete you can really see the synergies of the combined company.' Finally, Kramer is a fan of Visa (V), up 20% this year, because he sees the global economy moving further toward a cashless society. 'Millennials carry less and less cash today and more transactions are being done over the phone or your credit card and that will grow over the coming years,' said Kramer, adding that the company’s recent purchase of Visa Europe is a nice addition.
More from Emerging Markets
Shares of Cresud have been hammered by a big political shift in Argentina, which makes the farming name a value play not for the faint of heart.
Markets got hit hard in May when trade talks broke down and the president instituted new tariffs, but things are different now.
There's a lot going on right now and the markets (and media) have difficulty latching on to more than three or four stories at a time.
This may be a case where the short-term damage to markets may be for the best in the longer run.