Branching Out: 3 Top Stocks to Help You Diversify Your Portfolio

Brought to you by Motley Fool ONE:

As our company’s chief investment officer, it probably sounds a little strange for me to say this…

But I think diversification is something those of us who work here at The Motley Fool tend to take a little bit for granted — and because of this, we don’t talk about it nearly as much as many others in the financial media tend to.

What I mean by that is simply that all day, every day, we’re surrounded by analysts and advisors who are experts in various areas of the market -- small caps, dividend-paying stocks, ener-gy companies, MLPs, REITs, biotechs, value plays, you name it…

So we really don’t have to think about spotting opportunities across a variety of sectors and market caps any more than someone like Warren Buffett has to think about getting access to investment capital.

But just because we don’t talk about it all that much doesn’t mean it’s not incredibly important. And we’re well-aware that not everyone is as fortunate as we are when it comes to having access to such a wide variety of great investment ideas.

Which is why for Step 3 of our ongoing “7 Steps to Everlasting Wealth Challenge,” we’re not only going to discuss the impor-tance of making sure you are properly diversified…

But we’re also going to provide you with the full details on three “best buys now” and/or “buy first” stocks from a few of our more-specialized stock-picking services to give you some ideas on how to go about diversifying your portfolio.

These three stocks come from our tech- and growth-focused Motley Fool Rule Breakers service… our small-cap-focused Hid-den Gems service… and our dividend-focused Income Investor service (all three of which you’d have full access to as a Motley Fool ONE member).

I think any or all of these companies would make a great addi-tion to your portfolio should you feel you need to “branch out” a little bit more, but before we get to them, let’s quickly discuss why you might want to branch out to begin with…

Of course, many investors associate diversification with reduc-ing downside risk, and it can certainly be an effective way to do that. After all, if the great majority of your portfolio is invest-ed in tech stocks and the Nasdaq suddenly takes a nosedive like it did during the dot-com crash of the early 2000s, you could be in a world of hurt.

However, if you instead diversify your portfolio by adding some energy, health-care, financial, transportation, and retail stocks alongside those tech holdings, chances are you’ll fare much better.

What’s more, studies have shown that we feel the pain of loss 2X more strongly than we feel the joy of gain. So if you were invested almost entirely in tech stocks when the Nasdaq col-lapsed in 2000, it could have not only been financially devas-tating… but also emotionally devastating. Which, in turn, could have kept you from ever investing again and caused you to miss out on huge gains over the past decade and a half.

But I think perhaps an even more important reason to diversify your portfolio across a range of sectors and market caps is to increase your upside potential.

Now, I realize that might seem a little bit counterintuitive at first, but just think… if you’re anything like most investors, the major-ity of your portfolio is probably invested in well-known, large-cap companies.

And while there’s nothing wrong with that, per se, mathemati-cally it’s an awful lot harder for a ~$575 billion company like Ap-ple to double in value than it is for a ~$2 billion company (like the Hidden Gems pick we’ll introduce you to below) to do so.

F R O M T H E D E S K O F A N D Y C R O S S

The other thing many investors tend to do is only buy compa-nies that are in sectors that are currently “in favor” — like tech-nology has been for the past few years, for instance. But if you limit yourself to only owning stocks that are in favor, you risk missing out on capturing some outsized gains when more “out of favor” sectors (like energy, for instance) eventually rebound.

Which is why here at The Motley Fool, we generally encourage our members to own at least 15 different stocks, and to try to select these stocks from a variety of different industries, sec-tors, geographic locations, and markets.

And while the definition of “properly diversified” depends large-ly on your age, risk tolerance, goals, and financial situation, here are a few important questions you should ask yourself before proceeding to the report below and the next step of our challenge:

• How many total stocks do I own (including those held in my tax-advantaged retirement accounts)?

• Are the majority of these stocks clustered in any one in-dustry, style, sector, market cap, or geographic location?

• If the value of a given sector (like energy, tech, or health care) were to decline 20% or more, how many stocks in my portfolio would take a major hit… and how much could the total value of my portfolio drop as a result?

• Am I risk-tolerant enough that I’d be comfortable adding smaller and more-volatile — but potentially much more profitable — companies to my portfolio?

• Do I need the stocks in my portfolio to generate income for me — or can I instead focus more on stocks that offer more potential for capital appreciation?

Of course, these are just a few questions to help you get started, but I think they will go a long way towards helping you figure out where you’re at… and where you need to be.

And should you decide that you do need and/or want to di-versify your portfolio more, I would encourage you to not only consider the three stocks we’ve highlighted below… but also

consider test driving everything our all-access Motley Fool ONE service has to offer when it re-opens to new members on September 15.

Granted, I’m biased, but I really can’t think of a more compre-hensive, all-in-one financial solution out there for individual investors like you and me, and it’s really the best way I know of taking advantage of every single thing our company has to offer — short of actually coming to work here!

So I do hope you’ll at least think about it. And I hope you’ll find the opportunities we’ve highlighted below to be well worth your time.

To never putting all your eggs in one basket,

Andy Cross Chief Investment Officer The Motley Fool

MercadoLibre (Nasdaq: MELI)

Headquarters: Buenos Aires, ArgentinaWebsite: www.mercadolibre.comMarket Cap: $7.5BCash/Debt: $395M / $297MRevenue: (‘14/’15/TTM): $557M / $652M / $707MEarnings: (‘14/’15/TTM): $73M / $106M / $131M

Glance at the Business

Insider Ownership: 10.0%Original RB Recommendation Date: 2/18/09Return Since Original Rec: + 1,112.4%Return vs. S&P 500: + 888.9%Recent Price: $173.41

A Motley Fool Rule Breakers Recommendation

Business isn’t always about re-creating the wheel. Great business models can often be duplicated across borders, sometimes re-warding patient investors with outstanding market-beating returns in the process. For instance, Baidu (NASDAQ: BIDU) — often called “the Google (NASDAQ: GOOGL) of China” — is the top-performing stock in Rule Breakers, with a more than 2,000% return compared to the S&P 500.

We see the potential for a similar story to take shape with MercadoLibre (NASDAQ: MELI), which is establishing its position as the Amazon.com (AMZN), eBay (NASDAQ: EBAY), and PayPal (NASDAQ: PYPL) of Latin America. Here’s how MercadoLibre measures up with our “6 Signs of a Rule Breaker” and why it is one of our favorite stocks in Rule Breakers:

By David Gardner, Advisor, Rule Breakers

1. Top Dog and First Mover in an Important, Emerging IndustryApproximately 600 million people — nearly twice the population of the United States — reside in Latin America. Of those 600 million people, just over 56% are internet users (that’s up from 46.3% in 2013) — that compares to 88.5% internet penetration in the U.S. When looking at the $1.8 trillion of retail sales that took place in Latin America in 2015, only 2.2% of those sales took place online. For some perspective, in 2015 e-commerce made up 7.3% of total retail sales in the U.S.

Rising internet penetration and more retail sales occurring online are making for sizable growth in the Latin American e-commerce market, which grew 22.9% in 2015. No company is in a better position to capture a big slice of this growing market than MercadoLibre, which has grown to be the e-commerce leader in Latin America as it has built an online retail ecosystem in 16 coun-tries (and counting) in the region.

First, it has an online marketplace where items can be sold in either an auction format or with fixed pricing. The company has also developed MercadoPago, a digital payments platform (for purchases both on and off of MercadoLibre’s site) similar to PayPal. (In the countries where it is live, MercadoPago is now accepted as a payment source on more than 65% of the listings on MercadoLibre’s marketplace.) In 2013, the company launched MercadoEnvios, a shipping and logistics solution that shipped half of the units sold in Brazil, Argentina, Mexico, and Colombia in the most recent quarter. The company also has a platform for classifieds (for larger items like automobiles and real estate), advertising, stores specifically for bigger brands, and web stores (a software-as-a-service solution where users can operate a website hosted by — and integrated with — MercadoLibre).

2. Sustainable Advantage Gained Through Business Momentum, Patent Protection, Visionary Leadership, or Inept CompetitorsMercadoLibre is in a prime position to benefit from what we call the “network effect.” Put in other words, the more sellers it has on its platform, the more buyers it will attract; the more potential buyers it has on its platform, the more sellers will be inclined to sell their goods on MercadoLibre. The stronger MercadoLibre makes its ecosystem — through services like digital payments and shipping solutions (making e-commerce in the region increasingly seamless for buyers and sellers alike) — the more the company strengthens the network effect and extends its lead over current and future competitors. Just look at how the company has grown since 2013:

2013 2014 2015 2016 Q1 2016 Q2

Registered Users 99.5 120.9 144.6 151.5 158.6

YoY Growth 22.1% 21.5% 19.6% 19.6% 19.9%

Items Sold 83.0 101.3 128.4 38.3 43.7

YoY Growth 23.1% 22.0% 26.8% 39.3% 44.7%

Payments Transactions 31.5 46.3 80.4 27.5 31.9

YoY Growth 34.0% 47.0% 73.7% 85.8% 76.2%

Source: Company filings. Numbers in millions.

The biggest hurdle for MercadoLibre is the volatile macro-environment in which it operates. Since the company conducts its business in local currencies in Latin America but reports its results in U.S. dollars, a strong dollar paired with devaluation of the local currencies has resulted in weaker dollar sales and earnings. For instance, sales increased 72.5% in local currencies in the most recent quarter but grew only 29.4% in U.S. dollars.

Even with these currency headwinds, however, MercadoLibre continues to post strong increases in registered users and items sold, and its MercadoPago and MercadoEnvios services are seeing increased adoption each quarter. These core metrics give us a better idea of how the underlying business is performing when it comes to attracting buyers and sellers and strengthening its e-com-merce ecosystem. If MercadoLibre is able to churn out results like those in the table above despite currency and macro headwinds, imagine what the results might look like if the macro picture in Latin America stabilized over the long term.

3. Strong Past Price AppreciationDespite the macro volatility in Latin America, MercadoLibre’s stellar business results have translated into market-beating gains for investors. All three of our recommendations in Rule Breakers are beating the S&P 500, and MercadoLibre’s stock is up nearly 50% so far in 2016.

That fits right in with our investor’s take on Newton’s law of inertia: A stock on the rise tends to remain on the rise unless an outside force disrupts its path.

4. Good Management and Smart BackingWe think MercadoLibre is in good hands to navigate the volatility that is likely to come with the Latin American region. Marcos Galperin co-founded MercadoLibre in 1999 and remains chairman and CEO today at 44 years old, still owning about 10% of the company as well. MercadoLibre churns out healthy free cash flow each year — the company has been free cash flow-positive (including acquisition costs) since 2006 — and maintains a net cash position of $98 million on the balance sheet. The company even started paying a small dividend in 2011, which it can afford to do thanks to the attractive economics of its asset-light marketplace business model (healthy margins, virtually no inventory, minimal capital expenditures, and exten-sive cash flow production).

Another endorsement for MercadoLibre is the fact that eBay actually owns an 18.4% stake in the company — choosing to invest in MercadoLibre as a complement to its own expansion efforts in the region (which started in only 2014).

MercadoLibre Chairman and CEO Marcos Galperin

5. Strong Consumer Appeal Nearly 30% of MercadoLibre users already access its website or app every month. If that doesn’t qualify as strong consumer appeal, I don’t know what does. Plus, the fact that growth in items sold is outpacing growth in new users indicates that existing users are buying more goods on the platform.

6. Grossly Overvalued, According to the Financial Media Shares of MercadoLibre don’t exactly look cheap. The P/E multiple for the stock is above 55 and has seldom gone lower than 30 over the past five years. While the company has many admirers, it isn’t uncommon to see writers and analysts in the financial media consider the stock overvalued.

Risk Factors We’re WatchingThe biggest risk factor for MercadoLibre is the macro political and economic situation in the Latin American region, particularly when it comes to currency issues. According to the Wall Street Journal, the Argentine peso dropped roughly 26% in a single day last December after the government removed currency controls that had been in place for more than four years. Another extreme example comes with Venezuela, which essentially eliminated the ability to exchange Venezuelan bolívares for U.S. dollars, forcing MercadoLibre to take an impairment charge on its Venezuelan assets. Whether you’re talking about political corruption and instability (see Brazil), severe inflation and currency devaluation, or the lack of business-friendly policies in certain countries in the region, MercadoLibre faces numerous macro risks in Latin America.

Interestingly enough, MercadoLibre scores a 5 out of 25 on the Rule Breakers Risk Rating scale, making MercadoLibre one of the least risky companies on our scorecard, based on Risk Ratings. From this, we can deduce that MercadoLibre is a won-derful business operating in a very shaky macro environment. If the company’s core results start to suffer as a result of the challenging macro climate, we would have to reconsider our investing thesis.

The Rule Breakers Bottom LineMercadoLibre will likely be more volatile than your average stock, but the company is leading the shift in Latin America to e-commerce as more people in the region gain access to the internet. Macro risks aside, MercadoLibre is the type of business we would expect to trade at a premium valuation, given its signif-icant long-term potential and strong operating results thus far.

An investment in MercadoLibre will require patience over the long term, but we see the potential to be rewarded with signifi-cant market-beating results in the process. Starting with a smaller allocation in a portfolio is one way to help mitigate the risks with MercadoLibre. The company’s experienced leadership and ongoing innovative product development, coupled with the hefty tailwind of the burgeoning e-commerce market in Latin America, give us confidence that MercadoLibre is a worthy Rule Breaker capable of maintaining a strong growth rate for many years to come.

Headquarters: Houston, TXWebsite: www.spectraenergy.comMarket Cap: $24.9MCash/Debt: $246M / $14.7BRevenue: (‘14/’15/TTM): $5.9B / $5.2B / $4.9BEarnings: (‘14/’15/TTM): $1.0B / $196M / $294M

Glance at the Business

Spectra Energy (NYSE: SE)

A Motley Fool Income Investor Recommendation

Insider Ownership: 0.2%Original II Recommendation Date: 1/2/07Return Since Original Rec: + 95.5%Return vs. S&P 500: + 7.0%Recent Price: $35.61

At Income Investor, we’re in continuous pursuit of a hard-to-find dividend trifecta: companies with demonstrable and huge compet-itive advantages, smart managers at the helm, and the capacity to sustainably grow their dividends. It’s our way of stacking the odds in our favor. Stocks that marry these three traits are more likely to outperform the market, given a long-enough view.

So, when a company’s management implies the “geology gods” have bestowed good fortune upon them—that they’re among the competitively blessed—the thinking investor’s first response is skepticism. But management doesn’t stop there. They brag about their tollgate-type cash flows and near-impossible-to-duplicate assets. At this point, you’d rightly wonder: Is this company too

good to be true or the quintessential Income Investor recommen-dation?

In the case of Spectra Energy (NYSE: SE), the latter appears the case. As the majority owner of one of the country’s largest natural gas pipelines, Texas Eastern Transmission, the company generates regular and recurring cash flows, and is poised to capitalize on growing natural gas demand.

Even better: We see potential for it to regularly increase its dividend vis-a-vis its $25 billion backlog of projects, and growing demand for natural gas. This isn’t your mother’s dividend stock. Expect a 4.5% yield and growth.

By Michael Olsen, CFA, Advisor, Income Investor

The Company and OpportunitySpectra’s actually a consortium of several companies: It owns a 77% interest in Spectra Energy Partners (NYSE: SEP) and acts as its general partner (effectively speaking, the manager), and owns a 50% interest in natural gas processing and gathering operation DCP Midstream, a collection of Western Canadian pipeline assets, and a small Canadian utility. But for its labyrinthine structure, Spectra’s primary opportunity lies in its crown jewel, Texas Eastern Transmission, an interstate pipeline hooked up to the heart of the Shale Revolution, the Marcellus Shale, that runs south to — you guessed it — Texas.

Spectra’s unique. In an increasingly carbon-conscious world, its pipelines allow investors to capitalize on growing natural gas demand with limited commodity price exposure. Ninety-five percent of Spectra’s cash flows are fee-based with limited commodity exposure (net of DCP), subject to nine-year contracts, on average, and contractual price escalators. Even better, because of the cost and complexity of, and regulatory barriers to, constructing competing pipelines, many of Spectra’s pipelines benefit from local monopolies and high barriers to entry. In the realm of competitive advantages, I’d argue Spectra’s suite of assets occupies hallowed territory.

As the owner of a long-haul pipeline, Spectra benefits from what you might call embedded growth catalysts: It can connect a series of smaller pipelines up to it, thereby increasing utilization and long-term profitability. To wit: Management has reportedly identified $25 billion worth of expansion opportunities — against Spectra’s current $25 billion market cap — and is currently executing $10 billion of projects.

In an industry where doe eyes, willful ignorance, and poorly calibrated growth plans have stung industry incumbents — see Kinder Morgan (NYSE: KMI) — Spectra’s management stands apart here. They’ve delivered on their growth ambitions, with remarkable reliability. That’s a somewhat-windy way of saying that at 19 times 2015’s distributable cash flow, I don’t think we’re paying a dear sum for the potential.

Risks The primary risks to our thesis are twofold: the potential for contract renegotiations if low commodity prices persist, and the potential for overbuilding in the Marcellus. We think the former is a fairly low probability, because the current oil and natural gas rout has resulted in few renegotiations. On the subject of the latter, we think Spectra’s model and management’s approach afford some advantages. It constructs pipelines only after it has received com-

mitments from and signed contracts with prospective customers, and it typically signs customers to long-term contracts. Likewise, because it operates a “backbone” pipeline in Texas Eastern, some of its earnings are protected from this risk.

The Income Investor Bottom LineIt’s a somewhat rare confluence — a steady divided payer, nearly irrep-licable assets, and strong growth potential under one roof. But Spectra seems to offer it. That’s exactly what we seek in Income Investor.

Headquarters: San Diego, CAWebsite: www.amnhealthcare.comMarket Cap: $1.7BCash/Debt: $21M / $426MRevenue: (‘14/’15/TTM): $1.0B / $1.4B / $1.7BEarnings: (‘14/’15/TTM): $33M / $82M / $106M

Glance at the Business

AMN Healthcare(NYSE: AHS)

A Motley Fool Hidden Gems Recommendation

Insider Ownership: 1.4%Original HG Recommendation Date: 6/30/10Return Since Original Rec: + 384.3%Return vs. S&P 500: + 244.1%Recent Price: $35.64

AMN Healthcare (NYSE: AHS) came to Hidden Gems six years ago as a thinly traded, small-cap value stock. This leading medical staffing company was underappreciated by the market, and its history of meeting client needs and a burgeoning demand for health care, plus a penchant for making smart acquisitions, would power returns and earn some much-deserved recognition from Wall Street.

Six years later, our first of five recommendations is up over 375%, crushing the market by 237 percentage points. Yet our August 2010 recommendation has performed even better, returning 634%, more than 500 percentage points ahead of the market. And then in the spirit of adding to our winners, I re-recommended AMN two times earlier this year in the high-$20 range, when the stock was

temporarily thrown on Wall Street’s trash heap (because a hospital chain had performed badly and the Wise of Wall Street determined that would mean bad things for AMN).

The Wise were wrong (as they often are), and AMN’s performance has beat records quarter after record quarter. Those two recom-mendations are also beating the market handily, making us four-for-four in AMN guidance. And Hidden Gems just recommended AMN yet another time just this last month. But there is more to come. AMN’s core staffing services should experience years of above-average growth, and its profitability will ramp up with scale. Best of all, newer, more-profitable businesses should become an even bigger part of the story, and AMN will no doubt continue to add to its portfolio through the smart acquisition strategy it has employed up until now.

By Seth Jayson, Co-Advisor, Hidden Gems

What AMN DoesAMN provides medical staffing solutions to health-care enterprises across the United States, from traditional markets, like travel nurses and allied health-care staff, to temporary and perma-nent physician placement. Over the years, AMN has acquired and integrated small competitors in this (still-fragmented) business, as well as broadened its offerings to include more holistic services, such as managing an entire health-care enterprise’s staffing needs. AMN also provides health-care leadership recruitment services and medical coding services. As AMN has successfully incorporated these related businesses, its revenue has grown, its margins have improved, and the company has morphed from a value story to a growth powerhouse. In the latest quarter, revenue grew by 35%, with 19% organic growth. EBITDA was up 50%.

Why It’s a Great Hidden GemAt Hidden Gems, we’re hunting for some of the best small-cap companies in the market. These are companies with market caps of between $200 million and around $3 billion (give or take). We think there is a huge advantage for the individual investor to dig around the “smaller fish” because large pension funds and mutual funds simply can’t buy these less-liquid stocks. They make not a dent in $100 billion mutual funds. But for you and me, it’s a different story. In small caps, we have the advantage over the “big fish.”

But not all small caps are Hidden Gems. With a lot of junk in the small-cap space, we have to be particular on what we tap for our members. We’re looking for solid business models with plenty of growth potential and proven leadership teams to take advantage of market opportunities. Cash is king in our book, so we target clean balance sheets and financial models that either spit out gobs of cash or show the potential to do so in the near future. And, of course, valuation goes into our calculus. We want to pay a good-to-great price for these underappreciated businesses.

AMN has many of the traits of our best winners at Hidden Gems. Much of it starts at the top with Susan Salka, who has been CEO of the company and the driving force behind the company’s success since 2005. Under her leadership, AMN has reinforced its competitive advantage in its market and grown to provide more than just staffing and recruitment services. And despite the fact that AMN is the market leader in the $15 billion temporary health-care staffing industry, it’s still largely under-followed by Wall Street banks. We expect this will start to change with the health-care industry’s adding jobs faster than qualified professionals can enter the market. To top it all off, AMN generates plenty of cash for management to reinvest in the business to stay ahead of the competition.

Why Buy NowI expect to see these trends continue, as health-care utilization in the United States has grown for many reasons, including the much-improved economy and employment situation, the aging U.S. population, and the great expansion in insurance coverage. The accelerating shortage of both nurses and doctors is both an opportunity and a challenge. The difficulty of finding staff makes AMN’s staffing offerings a great value for health-care enterprises, but it can be difficult for AMN to find enough staff to fill requests.

Today’s opportunity rests with textbook Wall Street shortsight-edness. AMN’s recent record-setting financial results weren’t enough to keep Wall Street excited in the face of merely good (not amazing) forward guidance. The shares are down about 15% over the past month. I believe that presents a great opportunity for investors to pick up shares for around $35, while I value them at closer to $52.

What Are the Risks?With major demographic shifts guaranteeing more health-care demand, AMN is on the right side of a long trend. However, there

are some potent risks, most notably a political climate that could gut the Affordable Care Act and throw millions of people off the insurance rolls. The ensuing upheaval is tough to predict, but I’d wager it would be bad for every health-care company out there, as insured visits would plummet and uninsured (but mandatorily treated) emergency-care visits would increase.

I don’t believe that’s the most likely short-term outcome, and I don’t believe it would derail AMN for the long term.

The Hidden Gems Bottom LineLike any business, AMN will have to continue to evolve to compete and enter complementary lines of business to keep up the above-market growth rate. Fortunately, AMN has a great track record of doing just that. The long-term economic and demographic trends driving AMN’s end markets look well-established, though related businesses, like individual health-care companies, can experience short-term volatility. Wall Street’s habit of erroneously extrapolating those data to AMN often leads to temporary (if nonsensical) drops in AMN’s share price. That gives patient investors plenty of chances to buy at sale prices.

Take the Next Step With Motley Fool ONEIn order to give you an even more in-depth look at these three exciting and diverse opportunities, we recently had the advisors who originally recom-mended them sit down and record “executive summaries” detailing each of these three stocks.

You can find them on the same page as this report, and I’d invite you to watch them whenever it’s convenient for you, from the comfort of your home or office.

This is all part of our commitment at Motley Fool ONE to make sure you have absolutely everything you need to make well-informed investment decisions -- and that we’re always meeting you on your own terms...

On Tuesday, Sept. 6, we’ll be revealing the fourth step in our “7 Steps to Everlasting Wealth Challenge,” and providing you with a very special gift valued at $99, as a sincere thank-you for simply taking the time to follow along with us and learn more about Motley Fool ONE. So please be sure to keep an eye out for more details!

In the meantime, if you have any questions, please feel free to send them to AskTom@fool.com, and someone on our team will get back to you as soon as possible.

Or feel free to drop by our Frequently Asked Questions (FAQ) section for answers to some of the more common questions we’ve been getting from Fools like you.

We’re incredibly proud of and excited by everything we’ll be putting together for you over the coming weeks, and regardless of whether you ultimately decide to join us in Motley Fool ONE, we hope you’ll find it very valuable.

Thank you again for your time and interest, and as always, Fool on!

Data as of August 31, 2016. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. David Gardner owns shares of Alphabet (A shares), Alphabet (C shares), Amazon.com, Apple, Baidu, and MercadoLibre. Michael Olsen, CFA owns shares of Amazon.com, AMN Healthcare Services, and Kinder Morgan. Seth Jayson owns shares of AMN Healthcare Services. Tom Gardner owns shares of Alphabet (A shares), Alphabet (C shares), and Baidu. The Motley Fool owns shares of Alphabet (A shares), Alphabet (C shares), Amazon.com, Apple, Baidu, eBay, Kinder Morgan, MercadoLibre, PayPal Holdings, and Spectra Energy and has the following options: long January 2018 $90 calls on Apple and short January 2018 $95 calls on Apple.

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