THEMES TO SHORT :Homebuilders (CTX), REITS (KRC) and select Restaurants (DRI).
Recent Observation:
It has been a difficult bet to short leaders as clearly seen recently. For example in the deep cyclical (industrials, Basic Material and Energy) names like TIE -- as it continues to run and tech like NVDA and WFR not as a crazy run like metal related names but still remains extended.
Investing: (Ideas for 2+ Q)
Media: I hate to be such the value guy but just reporting the facts: CMCSA, (CVC) TRB --some names that have shown life and NYT-- as a recovery name. This is a contrarian ben grahm type of investing but again I rather bet against professional and masses. (Simple attractiveness based on 3+ year of underperformance),
Healtcare is a great area to explore: LLY and BMY. Biotech not getting "any love" recently but while large cap pahrama attempts to bottom. BMET- another name to consider and in small cap MRX.
Staples:
SLE-- despite bad earnings held in a value like play maybe not as beneficial for you.
Basic Material: NON HARD METAL LONG IDEAS: WPP, MOS in the paper related area and DOW and DD other underper to consider in a strong cyclical
Agriculture related themes : PEIX, ADM
Industrials:
Educational stocks like APOL in Large Cap and STRA in small cap.
Thursday, May 11, 2006
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