Bill Carache from Nomura raised price targets on Visa to $264 and MasterCard to $935. Earnings can increase by 15% annually for next 5 years.

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Coke (KO) could rise 20%+ over next year. Recipe – turn 3 to 4% yearly volume growth into 5-6% revenue growth and EPS growth in high single digits. Recently fallen short. Big picture per Jonathan Feeney of Janney Capital Markets is 700 million people will join middle class by 2020 leading to a double in soft drink sales and the infrastructure is already in place.

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Fayez Sarofim, Houston based money manager since 1958 – buy high quality stocks and hold them forever. Too much trading is a destroyer of wealth. Top 10 holdings are PM, AAPL, XOM, KO, CVX, NSRGY, JNJ, MCD, COP and IBM.

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