Bank of America (BAC), Johnson & Johnson (JNJ) Among Strategist's Large Cap 2011 Top Picks (INTC, XOM, T)
Tweet
Share
E-mail
Get Alerts BAC Hot Sheet
Join SI Premium – FREE
Bill Spiropoulos, chief executive of CoreStates Capital Advisors, believes that if 2011 brings about a return to normalcy then Bank of America Corp. (NYSE: BAC) will benefit investors, as it is a tremendous global brand.
“If you’re going to bet on normalcy and return to prosperity, this is a great name for upside potential," Spiropoulos told CNBC. "The insiders have been buying [BofA shares] since November and it’s one of the best indicators that I like to follow."
Among Spiropoulos' other top large cap picks for next year are Intel Corp. (NASDAQ: INTC), ExxonMobil (NYSE: XOM) and Johnson & Johnson (NYSE: JNJ).
Fellow Strategist Keith Goddard, president of Capital Advisors, also sang the praises of Johnson & Johnson as a top pick for the coming year.
“The stock has underperformed the market for two years now and that’s only happened three other times in the past 30 years. And each time, that represented a fantastic entry point into the stock,” Goddard said. “That proved to be true whether the market was up or down."
Goddard added that he also sees AT&T Inc. (NYSE: T) performing strong in the new year.
“If you’re going to bet on normalcy and return to prosperity, this is a great name for upside potential," Spiropoulos told CNBC. "The insiders have been buying [BofA shares] since November and it’s one of the best indicators that I like to follow."
Among Spiropoulos' other top large cap picks for next year are Intel Corp. (NASDAQ: INTC), ExxonMobil (NYSE: XOM) and Johnson & Johnson (NYSE: JNJ).
Fellow Strategist Keith Goddard, president of Capital Advisors, also sang the praises of Johnson & Johnson as a top pick for the coming year.
“The stock has underperformed the market for two years now and that’s only happened three other times in the past 30 years. And each time, that represented a fantastic entry point into the stock,” Goddard said. “That proved to be true whether the market was up or down."
Goddard added that he also sees AT&T Inc. (NYSE: T) performing strong in the new year.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Starts Mobility Global (MBGL) at Neutral
- Adient amends credit deal, adds $500M in incremental term loans
- BofA truck shipper survey shows demand outlook rises modestly
Create E-mail Alert Related Categories
Insiders' BlogSign 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!
