Janus’s Marc Pinto Recommends Apple, Home Depot, Union Pacific

Home Depot Inc. is a good investment as the economy continues to improve, said Marc Pinto, who oversees equity strategies at Janus Capital Group Inc.

Home Depot “will perform well as long as the economy gets better, the housing market gets stronger, and as long as the Fed doesn’t get in the way and cause problems,” he said in an interview on Bloomberg Television.

U.S. central bank policy makers are preparing to raise interest rates for the first time since June 2006 amid a stronger job market and consumer-spending growth.

Pinto also recommended Apple Inc. and Union Pacific Corp. Apple has “absolute domination of the high end” of the smartphone market, he said.

While Union Pacific faces headwinds with lower commodity prices, they “can continue to grow quite nicely,” he said.

Pinto co-manages the $13 billion Janus Balanced Fund, which has returned 7.8 percent in the past year, beating 76 percent of peers. The Denver-based fund company managed $183.1 billion as of Dec. 31, 2014.

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