Actionable Jeremy Grantham Buy Ideas

By Neal Goodwin, Guest Editor Today, Investment Underground takes a look at a few of Jeremy Grantham’s latest buy ideas. For those wondering why one should follow the advice of Jeremy Grantham, look no further than the continuous success of his Boston-based asset management firm Grantham May Van Otterloo (GMO). GMO has had a 10-year cumulative return of 31% vs. just 16.4% in the S&P. In a recent article with businessinsider.com Jeremy predicted that stocks are subject to a boost, largely in part to the point of the presidential cycle we find ourselves in at this time. Year 3 of the presidential cycle has historically been very good for stocks because the current government does everything it can to help itself get re-elected, including flooding the economy with cheap money, in turn raising the value of stocks. Grantham believes that stocks are poised to rise until October, which is when we may see a downturn as a result of overpricing. So, with this in mind, what has Jeremy been buying for his investors? Here is a list of five of his newest buy ideas. Use this list as a starting point for your own due diligence. Applied Industrial Technologies (AIT):…