DML: Legend Fisher puts out 40 stocks to own

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Written by DML
Mark B. Fisher is a legend in the commodities trading industry. Fisher is often quoted on CNBC and Fox Business, and he is also a globally-respected professional stock trader, and the best-selling author of “The Logical Trader: Applying A Method to The Madness.”

I met Fisher years ago during a brief, one week period when I was being lured by my buddies to work on Wall Street.  They said I would be a “natural trader” and would make a fortune.

To sell me on the idea, they made me do two things.

1. They made me stand on the trading floor for an entire day so I could feel the “energy.”  I will admit, there are few things as powerful as the last two minutes of the closing bell when trading is a zoo.

2. They introduced me to Fisher.  He is a down to earth guy who has made himself a fortune by working overtime to understand his industry.

Although I turned down the offer to work under Fisher and moved into media instead of stocks and commodities, I’ve continued to follow Fisher’s development.

Mark Fisher is launching an ETF called the “Essential 40.”  It’s an index that tracks stocks “essential to life,” using a mix of active and passive management.

I do not suggest this list to help Mark, nor do I offer stock advise. But for those of you who do dabble in the market, here is a list of stocks being suggested by a very smart man:

In tech: FacebookAmazonCiscoAlphabetAppleMicrosoftIntelADP

In energy: Exxon Mobil, Duke EnergyEnterprise Products

In health care: UnitedHealthBristol-Myers SquibbJ&J

In financials: VisaJPMorganCMEAIGBerkshire Hathaway B

In materials: International PaperDow ChemicalMonsantoUS SteelPotash

In industrials: Waste Management3MAmerican AirlinesBoeingFedExGELockheed Martin

In staples: CostcoSyscoCVS

In discretionary: CBSComcastCharter CommGMHome Depot

In telecom: Verizon

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