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Recon's Kevin Kelly on Brexit vote's market impact

Friday, June 17, 2016 - 02:57

Kevin Kelly, Chief Investment Officer at Recon Capital talks with Bobbi Rebell about the upcoming Brexit vote, and the consequences of a decision to leave for Britain to leave the European Union.

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Stronger against the pound and that's the least that the large multinational corporations wanna deal with there's also. A big problem with the banking system because. Like US corporations use it as a conduit into continental Europe so the use you can confidently yeah. You can actually see it because Jamie diamond. Obviously US based corporation. Went over to the United Kingdom and pleaded with the people over there to stay and remain in days system and earth tactics. Yes exactly. And what other factors can think are vulnerable right now that are so. The large cap. Across the war are actually going to be vulnerable because there is going to be its two year limbo of what they can or cannot do between because. The McCain is part of Europe but not continental Europe so they're still gonna be European but ties are being cut off so there's been happening trade agreements. Re done so the small caps are going to be fine because they're mostly. Local and regional based as opposed to large cap blue chip names that the pain on those trade agreements actually a lot of the large cap names. And then of course this is not a done deal we don't know where the vote is gonna go if it puts you at Britain's votes to stay with the EU. Do we see a rally here what happens. We do see a rally and I actually think that. They will remain in stain it and I'm going off curt history if we go back to this latest election with prime minister Cameron he was expected to even lose. Maybe even have a divided coalition that he actually clean swept it so you're seeing a lot of people that don't wanna seen. Anti nationalistic right they wanna say they wanna be proud of being British so they're not really being vocal about voting remain. But they will vote remain especially because they wanna deal with a double that they do you know than the one that they don't and they know what they get. When state in the current system. Irish had a lot of negative now let's get positive were the best opportunities for investors right now there's actually great opportunities in the marketplace right now tech and health care presenting a lot of them. You can go into those sectors and fight beads that are providing top line. Rope. At reasonable valuations and that's really hard to fight right now. It's a one name we really like especially because it's gotten beaten him recently is FaceBook they're big dominant player in mobile. Especially when it comes appetizing and we know the elections coming up so a lot ad dollars are gonna shift you can work that we in the outperformed the last two quarters. They are it when it comes to social media. In a mobile another name in health care spaces Allergan the got beaten down after the deal with Pfizer went through but they're the actually growing. More than their peers but they're trading at a below market valuations so there is an opportunity there in have a great. Pipeline so there's not a lot out of the health care over to become like him now so. It's a great name at a great price it's gonna give growth. I always great to have a base for having me. Our thanks to Kevin Kelly chief investment officer at recon capital Bobbie about this is writers.

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Recon's Kevin Kelly on Brexit vote's market impact

Friday, June 17, 2016 - 02:57