U.S. Markets open in 1 hr 12 mins

Verizon, O'Reilly Auto Remain Attractive Says Chase Fund Manager

TheStreet

Verizon offers a safe harbor and an attractive dividend in a highly valued market beset with geopolitical problems, said Peter Tuz, portfolio manager for the Chase Growth Fund. Tuz is also bullish on Fiserv's stock, saying the electronic payments processing industry is rapidly growing. He added that Fiserv generates a tremendous amount of cash which enables the company to shrink its float. Finally, Tuz said he is positive on O'Reilly Automotive because of the parts-seller's expansion into new markets like Maine and Florida. Furthermore, he said O'Reilly is expanding margins even as it grows its store base.