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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Pat Naccarato and Andrew Guy, CFA commented about whether MCO, BDX, GMST, RGS, LM, MSFT, VLO, FMCC, FNMA, PFE, MS, BUD, Y.TO, BBD.B.TO, REI.UN.TO, SRU.UN.TO, BCE.TO, TD.TO, BB.TO, CM.TO, BAC, C, GE, TEVA, TWX, INTC, BA, JPM, S, MER, AIG are stocks to buy or sell.
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TOP PICK
Global multi-line insurance business, property/casualty and life. AA balance sheet, so it gives you some protection. Have been caught up in the mortgage backed security business but stopped buying these in 2005 because they foresaw the risks. Currently trading at a 50% discount to what it is worth.
Pat NaccaratoOwned
insurance
TOP PICK
TOP PICK
Trading below liquidation value. Feels they can reverse some of their market share losses. They've introduced a “$99 all you can use” platform for voice and data, which he feels will capture market share.
Pat NaccaratoOwned
Telecommunications
BUY
A great US institution that has been hit by this crisis. A great franchise with tremendous value. Trading at a valuation that has not been seen since the last recession. The snap-back coming out of recession can be enormous. Valuation on a PE basis does not look good as earnings are down but if they reverse some of their mortgage write-downs, it could have a big effect on values.
banks
BUY
A great US institution that has been hit by this crisis. A great franchise with tremendous value. Trading at a valuation that has not been seen since the last recession. The snap-back coming out of recession can be enormous. Valuation on a PE basis does not look good as earnings are down but if they reverse some of their mortgage write-downs, it could have a big effect on values.
Financial Services
BUY
A great US institution that has been hit by this crisis. A great franchise with tremendous value. Trading at a valuation that has not been seen since the last recession. The snap-back coming out of recession can be enormous. Valuation on a PE basis does not look good as earnings are down but if they reverse some of their mortgage write-downs, it could have a big effect on values.
banks
BUY
A company that will probably go down in history as having made the worst acquisition ever. Bought AOL at the top and has had a hangover affect ever since. As a result of the 5 years of the stock doing nothing, the valuation has finally caught up with itself. Much more attractive than it has ever been.
Broadcasting
BUY
Have 2 businesses. Industrial, which is rock solid and their financial which is caught up in the credit crunch. The industrial side will benefit from the weaker US dollar. On a valuation basis, it comes out very attractive.
Pat NaccaratoOwned
electricalelectronic
COMMENT
Oil: -- He has been using a very wide range for the price of oil, $70-$100. At the upper end, which is where we are now, you are discounting some of the greater risks. However, looking at the cost of getting oil out of the ground and getting a decent return, $70 is a justified lower end. Wouldn't be surprised to see some weakness in oil prices. That would be the time to start picking up some oil companies.
BUY
The bank that has had the biggest trouble given its size and exposure to institutional business. Probably past the worst and doesn't think there's much risk of a cut in dividends again. There will be volatility. Buy now and in 5 years you will look like a hero, but in the next 3 to 6 months you probably will have a chance to buy it much cheaper.
banks
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