Stock Sage's Picks Stomping S&P by Multitudes in FY12; Here's His Picks...
Tweet
Share
E-mail
Two weeks does not make a trend, but one analyst is loving his calls so far.
Laszlo Birinyi said in November that Research In Motion (Nasdaq: RIMM) was his top pick for the year, while he also highlighted BlackRock (NYSE: BLK), General Motors (NYSE: GM), People's United Financial (Nasdaq: PBCT) and Hermes.
And all are outpacing the S&P 500 so far, and by a wide margin. According to data, GM, RIM, People's United, BlackRock, and Hermes, are up an overall average of 10 percent for the first few trading sessions of 2011, compared with just a 2.1 percent gain on the S&P 500, Bloomberg noted today.
Excluding today's moves, GM is up 21 percent, RIM is 12 percent better, Hermes International is 9.4 percent higher, People's United is up 6.1 percent, and BlackRock about 4.5 percent better. Today, all are lower save for People's United and Hermes. Hermes ended Friday nearly 4 percent higher, while People's United is up just 0.3 percent.
On GM, Birinyi likes the fundamentals there. Also, he is playing RIM for its patents, and BlackRock's solid ETF lineup.
Birinyi held Hermes as a contrarian play, with 14 of 19 analysts having a Sell on the stock at the time. Needless to say, Hermes ripped 47 percent higher on 30 percent better earnings in 2011.
Investors should keep an eye on the predictions, and another one made by Birinyi in January of last year: the S&P 500 will surge to 2,854 by September 2013. With the S&P 500 at 1,281 currently, and finishing 2011 just about flat, that's a bold prediction.
Markets are showing weakness today, however, with S&P on the credit-ratings warpath in Europe. All U.S. markets are down about 1 percent.
Laszlo Birinyi said in November that Research In Motion (Nasdaq: RIMM) was his top pick for the year, while he also highlighted BlackRock (NYSE: BLK), General Motors (NYSE: GM), People's United Financial (Nasdaq: PBCT) and Hermes.
And all are outpacing the S&P 500 so far, and by a wide margin. According to data, GM, RIM, People's United, BlackRock, and Hermes, are up an overall average of 10 percent for the first few trading sessions of 2011, compared with just a 2.1 percent gain on the S&P 500, Bloomberg noted today.
Excluding today's moves, GM is up 21 percent, RIM is 12 percent better, Hermes International is 9.4 percent higher, People's United is up 6.1 percent, and BlackRock about 4.5 percent better. Today, all are lower save for People's United and Hermes. Hermes ended Friday nearly 4 percent higher, while People's United is up just 0.3 percent.
On GM, Birinyi likes the fundamentals there. Also, he is playing RIM for its patents, and BlackRock's solid ETF lineup.
Birinyi held Hermes as a contrarian play, with 14 of 19 analysts having a Sell on the stock at the time. Needless to say, Hermes ripped 47 percent higher on 30 percent better earnings in 2011.
Investors should keep an eye on the predictions, and another one made by Birinyi in January of last year: the S&P 500 will surge to 2,854 by September 2013. With the S&P 500 at 1,281 currently, and finishing 2011 just about flat, that's a bold prediction.
Markets are showing weakness today, however, with S&P on the credit-ratings warpath in Europe. All U.S. markets are down about 1 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- Northeast Community Bancorp, Inc. (NECB) Tops Q1 EPS by 12c
- The First Of Long Island (FLIC) Misses Q1 EPS by 3c
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Standard & Poor's, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
