Jim Lebenthal's Portfolio Picks For 2015

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Jim Lebenthal revealed on
CNBC's Fast Money Halftime Report
stocks which he decided to include in his portfolio for CNBC's trading contest. He decided to pick
International Business Machines Corp.IBM
,
J C Penney Company IncJCP
,
General Motors CompanyGM
,
Marathon Petroleum CorpMPC
and
Trimble Navigation Limited
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TRMB
. Lebenthal believes that these companies are in a good position to grow and because of their recent decline the entry price is great. He explained that
International Business Machines Corp.
is going to earn around 16 dollars per share and it is trading below 10 times its earnings estimates. He thinks that the company is going to report a good guidance in February which should boost the stock. Every trader is speculating about an opportunity in the energy space in 2015, said Lebenthal, but he would only own refiners in the space and
Marathon Petroleum Corp
is his pick. This is a bet on a growing U.S. economy and not on the recovery in crude oil. Lebenthal expects to see a recovery for
General Motors Company
because last year earnings were held back by recalls. He thinks that it is going to positively surprise many people on the Wall Street with the earnings report.
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Posted In: CNBCMediaJim Lebenthal
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