Don't Wait to Fill Up On Philip Morris, Markel & Heineken Shares

TheStreet

The currency and restructuring headwinds that have held back shares of Philip Morris over the past year are abating, said Don Ingham, portfolio manager for the Tenth Avenue Holdings. Ingham said Philip Morris' stock will head higher in the second half due to strong earnings, a healthy dividend and hefty buybacks. He is also bullish on "baby Berkshire" Markel, saying the insurer is a shrewd underwriter and an even smarter investor. Finally, Ingham praised Heineken, saying the brewer's strong emerging market presence will spur sales growth as more drinkers in developing nations reach for the aspirational brand.