Bank of America (BAC), Johnson & Johnson (JNJ) Among Strategist's Large Cap 2011 Top Picks (INTC, XOM, T)
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Price: $37.73 +2.06%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.8%
Revenue Growth %: -1.9%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.8%
Revenue Growth %: -1.9%
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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.
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