Gross Suggests China Short; Cohen Likes GM: Barron’s Roundtable
2015-06-13 14:23:08.599 GMT
By Mina Kawai
(Bloomberg) -- Ten mkt experts at Barron’s mid-yr
roundtable discussion see 5% gain “at most” for S&P 500 Index
toward yr-end as economy grows at modest pace of 2% in ’15 and
investors play waiting games for Fed rate increase. Individual
stock picking may be “best path” to make money, Barron’s said
in story in June 15 edition.
* Bill Gross of Janus Capital says China’s Shenzhen index
“bubbling up” like Nasdaq 500 in ’99; suggests shorting
ASHR ETF as yuan devaluation “at some point” could trigger
mkt selloff; Gross would be buyer of peso as Mexico remains
“best-positioned bond market in the world”; recommends
shorting 10-yr German bunds
* Abby Joseph Cohen of Goldman Sachs sees S&P 500 climbing to
2,200 by yr-end; says mkt may do better than GS chief U.S.
equity strategist David Kostin’s est. of 2,125-2,150; GM,
TIF and MJN are among Cohen’s stock picks
* Mario Gabelli of Gamco Investors sees Fed rate increase “no
later than September” as economy improves; S&P 500 may end
’15 at about same level today, while Fed rate move could
cause quick 10% selloff; his picks inc. SSP, XYL, HON, CST
and ENR spinoff Edgewell Personal Care
* Scott Black of Delphi Management doesn’t see Janet Yellen
taking “away the punch bowl” this yr; sticks with his Jan.
est. of S&P 500 returning 8%-10% including 2% div. yield; he
recommends buying SMCI, ACT
* David Herro of Harris Associates see Europe and Japan as
“two pockets of value” as they recover from economic
struggles as well as getting boost from stronger dollar;
Herro likes Credit Suisse, Toyota Motor and Samsung
Electronics
For Related News and Information:
First Word scrolling panel: FIRST <GO>
First Word newswire: NH BFW <GO>
To contact the reporter on this story:
Mina Kawai in New York at +1-212-617-8525 or
minkawai@bloomberg.net
2015-06-13 14:23:08.599 GMT
By Mina Kawai
(Bloomberg) -- Ten mkt experts at Barron’s mid-yr
roundtable discussion see 5% gain “at most” for S&P 500 Index
toward yr-end as economy grows at modest pace of 2% in ’15 and
investors play waiting games for Fed rate increase. Individual
stock picking may be “best path” to make money, Barron’s said
in story in June 15 edition.
* Bill Gross of Janus Capital says China’s Shenzhen index
“bubbling up” like Nasdaq 500 in ’99; suggests shorting
ASHR ETF as yuan devaluation “at some point” could trigger
mkt selloff; Gross would be buyer of peso as Mexico remains
“best-positioned bond market in the world”; recommends
shorting 10-yr German bunds
* Abby Joseph Cohen of Goldman Sachs sees S&P 500 climbing to
2,200 by yr-end; says mkt may do better than GS chief U.S.
equity strategist David Kostin’s est. of 2,125-2,150; GM,
TIF and MJN are among Cohen’s stock picks
* Mario Gabelli of Gamco Investors sees Fed rate increase “no
later than September” as economy improves; S&P 500 may end
’15 at about same level today, while Fed rate move could
cause quick 10% selloff; his picks inc. SSP, XYL, HON, CST
and ENR spinoff Edgewell Personal Care
* Scott Black of Delphi Management doesn’t see Janet Yellen
taking “away the punch bowl” this yr; sticks with his Jan.
est. of S&P 500 returning 8%-10% including 2% div. yield; he
recommends buying SMCI, ACT
* David Herro of Harris Associates see Europe and Japan as
“two pockets of value” as they recover from economic
struggles as well as getting boost from stronger dollar;
Herro likes Credit Suisse, Toyota Motor and Samsung
Electronics
For Related News and Information:
First Word scrolling panel: FIRST <GO>
First Word newswire: NH BFW <GO>
To contact the reporter on this story:
Mina Kawai in New York at +1-212-617-8525 or
minkawai@bloomberg.net