Financial Engines will continue to outperform because the company offers a valuable service to those who desperately need investing guidance, said George Young, portfolio manager for the Villere Balanced Fund. ‘This is a company that helps people save for retirement and to invest correctly. A lot of people unfortunately don’t know what they are doing when they invest,’ said Young about the company founded by Nobel Prize winning economist Bill Sharpe. ‘We think it is going to grow at something like 20%. They’ve got over a trillion dollars that they can invest for their clients. It’s a great company.’ The Villere Balanced fund, which sports a trailing twelve month yield of 1.1%, is up 2% year-to-date. Shares of Financial Engines are up 21% so far in 2015. Young is also bullish on car part distributor LKQ, which has seen its shares rise 10% so far in 2015. LKQ releases its second quarter results before the bell on July 30th and Young said he expects a strong showing despite the bearish case that a drop in metals prices will sink the stock. Finally, Young is a fan of Flowers Foods, which has seen its stock rise 11% year-to-date, saying the company offers consistency. ‘People are always going to buy bread and this is why it can offer a 2.5% dividend,’ said Young.
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