John Rogers on Sectors and Stocks That Should Outperform in 2013
John Rogers, founder, chairman, CEO and CIO of Ariel Investments, was recently interviewed by CNBC’s Andrew Ross Sorkin about what will work for investors in 2013.
Rogers continues to have faith housing related stocks will perform well and mentioned Warren Buffett’s interest in the sector and how important it is to jobs and the economy. Rogers believes carpet manufacturers such as Mohawk Industries Inc. (MHK) and Interface Inc. (IFSIA), along with First American Financial (FAF) should continue to maintain their momentum in 2013.
Sorkin asked Rogers to comment on his interest in the financial service sector. Rogers mentioned his experience with financial services and said he liked Lazard Ltd. (LAZ) which does a good job in investment banking, along with private equity firms The Blackstone Group LP (BX) and Kohlberg Kravis Roberts & Co. (KKR), and a controversial name; Janus Capital (JNS) which he considers very cheap and will benefit from the recovery.
The interview (video below) continued with Rogers discussing another sector he finds attractive; that being media (CBS Corporation (CBS) and Gannett Co., Inc. (GCI)), along with how we’ll get through the present uncertainties (“man-made crises”).
Back in June, Rogers discussed the attractiveness of sports related investments with Morningstar analyst Christopher Davis [link].