Oppenheimer’s Ari Wald compare the current market to 1983, and recommend owning top-performing economically sensitive stocks like 3M (MMM), Microsoft (MSFT), and Honeywell International (HON) before the S&P 500 breaks out:
We see similarities in current market conditions to how the S&P traded in 1983. In 1983, following the initial surge off the low, the S&P consolidated sideways before breaking out to new highs. The important message here is that we recommend owning stocks in anticipation of a breakout to new highs this year…
Last weeks client discussions centered on what to make of the recent strength by low momentum (MO) stocks, and weve found it to be bullish for the S&P because it tends to occur at important inflection points….While buying Low MO can work for a quick trade, our momentum-based discipline indicates that buying cyclicals with High MO is the more attractive bet for the long term…
Best Clean Energy Companies To Own For 2016: Gerdau S.A.(GGB)
Gerdau S.A. produces and commercializes steel products worldwide. It operates through Brazil, North America, Latin America, Special Steel, and Iron Ore segments. The company provides semi-finished products, which include billets that are bars from square sections of long steel that serve as inputs for the production of wire rod, rebars, and merchant bars; blooms for use in the manufacture of springs, forged parts, heavy structural shapes and seamless tubes; and slabs, which are used in the steel industry for the rolling of various flat rolled products, as well as to produce hot and cold rolled coils, heavy slabs, and profiles. It also offers long rolled products comprising rebars, merchant bars, and profiles, which are primarily used in the construction and manufacturing industries; and drawn products, such as barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manuf acturing, construction, and agricultural industries. In addition, the company offers special and stainless steel products used in tools and machinery, chains, fasteners, railroad spikes, and special coil steel, as well as special sections comprising grader blades, smelter bars, light rails, super light I-beams, elevator guide rails, and other products. Further, it provides flat products, including hot-and cold-rolled steel coils, heavy plates, and profiles; and resells flat steel products. The company was founded in 1901 and is based in Porto Alegre, Brazil. Gerdau S.A. is a subsidiary of Metal煤rgica Gerdau S.A.
- [By Manikandan Raman]
On the news, Freeport-McMoRan surged 12 percent to $10.20 and Lundin Mining climbed 12 percent to $3.33. Gerdau SA (ADR) (NYSE: GGB) rose 19 percent to $1.23, Vale SA (ADR) (NYSE: VALE) advanced 18 percent to $4.85 and Banco Bradesco SA (ADR) (NYSE: BBD) gained 11 percent to $7.15.
Best Clean Energy Companies To Own For 2016: Capstead Mortgage Corporation(CMO)
Capstead Mortgage Corporation operates as real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government. The company qualifies as a REIT for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1985 and is headquartered in Dallas, Texas.
- [By Amanda Alix]
As the spread between short-term and long-terminterest rates began to contract, strangling profits, competition for MBSes also caused prices to rise. Other agency mREITs were nervous, too. CYS Investments (NYSE: CYS ) noted at the time that QE3 turned the Federal Reserve into the sector’s biggest rival for mortgage bonds, and as spreads began to shrink, so did dividends. By December of last year, Annaly, Armour, and Capstead Mortgage (NYSE: CMO ) had all trimmed their payouts.
Best Building Product Stocks To Watch Right Now: Telefonica Brasil S.A.(VIV)
Telef么nica Brasil S.A. provides fixed-line and mobile telecommunications services to residential and corporate customers in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband Internet access through 3G and 4G, as well as mobile value-added services and wireless roaming services. The company also offers data services, including Internet, broadband, mobile broadband, and wireless Internet services. In addition, the company provides pay TV services through direct to home satellite technology, IPTV, and cable, as well as interactive services, such as video-on-demand; network services, such as rental of facilities; other services comprising Internet access, private network connectivity, computer equipment leasing, extended service, detects, voice mail and cellular blocker, and others; wholesale services, includi ng interconnection services to users of other network providers; and digital services, such as financial services, machine-to-machine operations, e-health solutions, security, video, and advertising. Further, the company offers multimedia communication services, which include audio, data, voice and other sounds, images, texts, and other information, as well as sells wireless devices and accessories, such as handsets, smartphones, broadband USB modems, and devices. Additionally, it provides telecommunications solutions and IT support to various industries, such as retail, manufacturing, services, financial institutions, government, etc. Telef么nica Brasil S.A. offers its solutions through its stores, dealers, retail channels, and door-to-door sales. The company was formerly known as Telecomunica莽玫es de S茫o Paulo S.A. TELESP and changed its name to Telef么nica Brasil S.A. in October 2011. Telef么nica Brasil S.A. was incorporated in 1998 and is headquartered in S茫o Paulo , Brazil. Telef么nica Brasil S.A. is a subsidiary of Telefon! ica S.A.
- [By Sofia Horta e Costa]
Vivendi (VIV) rose 2.7 percent to 17.15 euros. Music, pay-TV, European cinema and Internet in Brazil will make up a new media group based in France after the split with phone unit SFR, according to a statement yesterday.
- [By Lisa Levin]
In trading on Wednesday, telecommunications services shares slipped by 0.08 percent. Meanwhile, top losers in the sector included Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE: TKC), down 2 percent, and Telefonica Brasil SA (ADR) (NYSE: VIV), down 2.5 percent.