Top value investor Mario Gabelli says he is high on
media stocks and equities exposed to European trucking.
In a recent interview with CNBC, Gabelli says he likes Sony, the Japanese media firm. “I think Shinzo Abe has given the animal spirits to the Japanese,” Gabelli said. He talked about some of Sony’s promising products, and its new emphasis on the bottom line. “More importantly they’re now thinking about profits,” he said. “They’re laying off people. The whole culture of Japan has changed.”
The European trucking market, meanwhile, should excel as Europe’s stimulus program ripples through the market, Gabelli said. And two other trends he’s bullish on: the push for healthier eating, and increased spending on companion pets. He looks at stocks poised to benefit from those trends.