Barclays 2012 Top Picks: Becoming Somewhat More Optimistic - Signs of Progress, Growth and Soft Landings
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Price: $29.66 +0.30%
Rating Summary:
18 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
18 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
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Barclays 2012 Top Picks
Analyst, Barry Knapp, said, "The lingering uncertainty stemming from the euro area debt crisis, large fiscal deficits in developed countries and regulatory reform has been weighing on all markets, and equity markets are no exception. However, as we enter the New Year, we have become somewhat more optimistic: there are signs of progress toward a resolution of the crisis in Europe, US growth is beginning to show positive signs, and we still expect a soft landing in China."
"We recognize that macro risks are unlikely to go away any time soon, and expect volatility to remain high. However, with the reduced risk of a financial collapse in Europe and fears of a global recession abating, we expect market sentiment to improve, and investors, who have been running low risk positions, to re-engage."
"We expect another range-bound year for US equities. 1H12 should be challenging, given ongoing deleveraging, pressure on EM trade credit and Asia exports, and US public policy uncertainty. Our forecast for the S&P at mid-year is 1150, the bottom of our expected range. We are more constructive on 2H12, as the prospect of policy changes after the election could spur a year-end rally. Our year-end target is 1330."
Top Picks Include:
BASIC INDUSTRIES: Freeport-McMoRan (NYSE: FCX), LyondellBasell (NYSE: LYB), Postash Corporation of Saskatchewan (NYSE: POT), and Vale (Nasdaq: VALE).
CONSUMER: Brasil Foods (Nasdaq: BRFS), Kraft Foods (NYSE: KFT), Las Vegas Sands (NYSE: LVS), Newell Rubbermaid (NYSE: NWL), Philip Morris International (NYSE: PM),, and Stanley Black & Decker (NYSE: SWK)
ENERGY: Baker Hughes (NYSE: BHI), EQT Corporation (NYSE: EQT), Markwest Energy Partners (NYSE: MWE), Noble Energy (NYSE: NBL), Plains Exploration & Production (NYSE: PXP), Suncor Energy (NYSE: SU), and Tesoro Corporation (NYSE: TSO)
FINANCIAL SERVICES: ACE Limited (NYSE: ACE), American Express (NYSE: AXP), Citigroup (NYSE: C), Itaú Unibanco (Nasdaq: ITUB), MetLife (NYSE: MET), NYSE Euronext (NYSE: NYX), TCF Financial (NYSE: TCB) and TD Bank Group (NYSE: TD)
HEALTHCARE: Aetna Inc. (NYSE: AET), Agilent Technologies (NYSE: A), Bristol-Myers Squibb (NYSE: BMY), Covidien Plc (NYSE: COV), Gen-Probe (Nasdaq: GPRO), Laboratory Corp. of America (NYSE: LH), McKesson Corp. (NYSE: MCK), Mylan Inc. (NYSE: MYL), and Vertex Pharmaceuticals (Nasdaq: VRTX)
INDUSTRIALS: Boeing Co. (NYSE: BA), Caterpillar (NYSE: CAT), Dana Holding ) (NYSE: DAN), FedEx Corp. (NYSE: FDX), Fluor Corp. (NYSE: FLR), Gol Linhas Aéreas Inteligentes (NYSE: GOL), Honeywell Intl (NYSE: HON), and United Continental Holdings (NYSE: UAL)
INTERNET & MEDIA: Google Inc. (Nasdaq: GOOG), Liberty Global, Inc. (Nasdaq: LBTYA) and Walt Disney Co. (NYSE: DIS)
POWER & UTILITIES: Calpine Corp. (NYSE: CPN), and OGE Energy (NYSE: OGE).
REAL ESTATE: Prologis (NYSE: PLD)
RETAIL: Abercrombie & Fitch Co. (NYSE: ANF), Brinker International (NYSE: EAT), CVS Caremark Corp. (NYSE: CVS), Macy’s Inc. (NYSE: M), Nike Inc. (NYSE: NKE), and O’Reilly Automotive (Nasdaq: ORLY).
SERVICES: Dun & Bradstreet Corp. (NYSE: DNB), Ecolab Inc. (NYSE: ECL)
TECHNOLOGY: Altera Corp. (Nasdaq: ALTR), Apple, Inc. (Nasdaq: AAPL), Citrix Systems (Nasdaq: CTXS), Corning Inc. (NYSE: GLW), QUALCOMM (Nasdaq: QCOM), Teradyne (NYSE: TER), Tesla Motors (Nasdaq: TSLA), and Visa Inc. (NYSE: V)
TELECOMMUNICATIONS: América Móvil, S.A.B. de C.V. (NYSE: AMX) and SBA Communications (Nasdaq: SBAC)
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Analyst, Barry Knapp, said, "The lingering uncertainty stemming from the euro area debt crisis, large fiscal deficits in developed countries and regulatory reform has been weighing on all markets, and equity markets are no exception. However, as we enter the New Year, we have become somewhat more optimistic: there are signs of progress toward a resolution of the crisis in Europe, US growth is beginning to show positive signs, and we still expect a soft landing in China."
"We recognize that macro risks are unlikely to go away any time soon, and expect volatility to remain high. However, with the reduced risk of a financial collapse in Europe and fears of a global recession abating, we expect market sentiment to improve, and investors, who have been running low risk positions, to re-engage."
"We expect another range-bound year for US equities. 1H12 should be challenging, given ongoing deleveraging, pressure on EM trade credit and Asia exports, and US public policy uncertainty. Our forecast for the S&P at mid-year is 1150, the bottom of our expected range. We are more constructive on 2H12, as the prospect of policy changes after the election could spur a year-end rally. Our year-end target is 1330."
Top Picks Include:
BASIC INDUSTRIES: Freeport-McMoRan (NYSE: FCX), LyondellBasell (NYSE: LYB), Postash Corporation of Saskatchewan (NYSE: POT), and Vale (Nasdaq: VALE).
CONSUMER: Brasil Foods (Nasdaq: BRFS), Kraft Foods (NYSE: KFT), Las Vegas Sands (NYSE: LVS), Newell Rubbermaid (NYSE: NWL), Philip Morris International (NYSE: PM),, and Stanley Black & Decker (NYSE: SWK)
ENERGY: Baker Hughes (NYSE: BHI), EQT Corporation (NYSE: EQT), Markwest Energy Partners (NYSE: MWE), Noble Energy (NYSE: NBL), Plains Exploration & Production (NYSE: PXP), Suncor Energy (NYSE: SU), and Tesoro Corporation (NYSE: TSO)
FINANCIAL SERVICES: ACE Limited (NYSE: ACE), American Express (NYSE: AXP), Citigroup (NYSE: C), Itaú Unibanco (Nasdaq: ITUB), MetLife (NYSE: MET), NYSE Euronext (NYSE: NYX), TCF Financial (NYSE: TCB) and TD Bank Group (NYSE: TD)
HEALTHCARE: Aetna Inc. (NYSE: AET), Agilent Technologies (NYSE: A), Bristol-Myers Squibb (NYSE: BMY), Covidien Plc (NYSE: COV), Gen-Probe (Nasdaq: GPRO), Laboratory Corp. of America (NYSE: LH), McKesson Corp. (NYSE: MCK), Mylan Inc. (NYSE: MYL), and Vertex Pharmaceuticals (Nasdaq: VRTX)
INDUSTRIALS: Boeing Co. (NYSE: BA), Caterpillar (NYSE: CAT), Dana Holding ) (NYSE: DAN), FedEx Corp. (NYSE: FDX), Fluor Corp. (NYSE: FLR), Gol Linhas Aéreas Inteligentes (NYSE: GOL), Honeywell Intl (NYSE: HON), and United Continental Holdings (NYSE: UAL)
INTERNET & MEDIA: Google Inc. (Nasdaq: GOOG), Liberty Global, Inc. (Nasdaq: LBTYA) and Walt Disney Co. (NYSE: DIS)
POWER & UTILITIES: Calpine Corp. (NYSE: CPN), and OGE Energy (NYSE: OGE).
REAL ESTATE: Prologis (NYSE: PLD)
RETAIL: Abercrombie & Fitch Co. (NYSE: ANF), Brinker International (NYSE: EAT), CVS Caremark Corp. (NYSE: CVS), Macy’s Inc. (NYSE: M), Nike Inc. (NYSE: NKE), and O’Reilly Automotive (Nasdaq: ORLY).
SERVICES: Dun & Bradstreet Corp. (NYSE: DNB), Ecolab Inc. (NYSE: ECL)
TECHNOLOGY: Altera Corp. (Nasdaq: ALTR), Apple, Inc. (Nasdaq: AAPL), Citrix Systems (Nasdaq: CTXS), Corning Inc. (NYSE: GLW), QUALCOMM (Nasdaq: QCOM), Teradyne (NYSE: TER), Tesla Motors (Nasdaq: TSLA), and Visa Inc. (NYSE: V)
TELECOMMUNICATIONS: América Móvil, S.A.B. de C.V. (NYSE: AMX) and SBA Communications (Nasdaq: SBAC)
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