Southwest Airlines has had a tremendous run over the past year due to lower oil prices and its shares could still fly higher, said David James, portfolio manager for the James Balanced: Golden Rainbow Fund. James added that Southwest is benefiting from an empowered consumer and is also buying back shares. He said the Cato Corporation is a domestic-based retailer so it will not be hurt by the stronger dollar and will also gain momentum with a stronger consumer. Finally, James is bullish on Multi-Color Corp., saying that the label provider to P&G has seen very strong earnings and can effectively handle its debt load.
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