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Latest Top Picks

Stock Opinions by Vinny Catalano

TOP PICK
SPDR High Yield Bond ETF. High yield of around 13%. High yield market still has a very wide spread vis-à-vis treasuries and that spread is expected to narrow even further because the sector overall is not going to experience the default rates that the 13% yield rate is suggesting. With any kind of an economic improvement going into next year this is a good place to park your money. Also potential for upside gains.
E.T.F.'s
TOP PICK
SPDR Gold Trust ETF. Every portfolio should have 2% to 5% in gold. Watch for the technical analysts not to ring the bell that this has formed a head and shoulders bottom, where you break the neck line and market technicians will start talking about a move to $1200-$1300. Will rise with weakness in the US$.
investment companies / funds
TOP PICK
A 2-fold play. 1) Long term sector with a play on global growth and emerging economies with the need for basic materials. In a cyclical recovery, basic materials tend to be one of the early beneficiaries. 2) Gold miners, which have been acting quite well.
E.T.F.'s
PAST TOP PICK
(A Top Pick Jan 2/09. Up 13.73%.) Long-term play on infrastructure.
E.T.F.'s
PAST TOP PICK
(A Top Pick Jan 2/09. Up 82.05%.) Brazil long-term play but he is scaling back a little because it is a little frothy and he doesn't like the developments about wanting to have nationalization or increased exposure on energy related issues.
E.T.F.'s
PAST TOP PICK
(A Top Pick Jan 2/09. Up 14.8%.)
E.T.F.'s
COMMENT
Currency ETF. If you don't like gold and you are concerned about the weakness of the US$, then this is a good place to be.
E.T.F.'s
WEAK BUY
Currency ETF. Gives you exposure to weakness in the US$ compared to other currencies.
E.T.F.'s
COMMENT
Market - Present market is overvalued and in an air pocket to be countered sometime between now and the middle of October followed by a failing rally maybe, which would be the in term top for the market followed by your more substantial 10%-15% correction. Key indicator of the failing rally are the small and mid-cap issues. Large-cap issues are probably going to be fine with earnings reports coming out for Q3.
Unknown
DON'T BUY
Does like this in the agriculture sector. Tracks a basket of different agricultural products but in a 6 to 12 month timeframe this is not going to be an exceptional place to be. There are a lot of pricing related issues that are problematic. Longer term, 3 to 5 years, it is a very good place to be.
E.T.F.'s
HOLD
PowerShares Private Equity. Intriguing ETF. Volume is at the threshold where you want it to be on a daily basis, which averages around 100,000 shares trading per day. Outlook on private equity is cloudy in the near term but on a longer-term basis it is an attractive field to be in, along with asset managers. The only 2 areas that he would have any money invested in the financial areas. Would hold a modest position, 2%, for the long-term.
E.T.F.'s
COMMENT
US ETF Regulations. A number of proposals are being talked about which would mean greater restrictions and greater oversight's on various different types of instruments that might be potentially systemic risky. Doesn't believe it is going to be an issue with things like economic sector, common stocks, styles or even countries that could affect things like energy or commodities.
Unknown
DON'T BUY
US Natural Gas Fund ETF. There has been an issue raised in regards to the rollover aspects of this. Believes it is exchange-traded notes. You need to do some pretty serious investigative work. Natural gas has gotten bombed because of excess supply. Wouldn't behind on his list.
E.T.F.'s
WEAK BUY
Market Vectors Agribusinesses E.T.F. A basket of companies in the agricultural sector. Recently scaled back because of Monsanto's announcement of layoffs and concerns on future earnings guidance. Would own a small position of .5% to 1% exposure.
E.T.F.'s
BUY
People should always own some amount of gold, anywhere between 2% and 5%.
investment companies / funds
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