Market Overview

Oppenheimer's Technician Is Buying Growth Over Value, And Tech Over Financials


Oppenheimer believes investors should be long U.S. large cap stocks, but come choices are much better than others.

Despite a strong start to 2016 for value stocks, analyst Ari Wald is sticking to his call that growth is the place to be.

“One of our long-standing views has been that the S&P 500 is in a secular bull market and large-cap Tech is likely to lead this advance, and to pick Value over Growth could be viewed as inconsistent to this stance,” Wald explains.

Related Link: Deutsche Bank Clients Are Worried The U.S. Is On The Edge Of A Recession

The Oppenheimer’s latest monthly report of 50 stocks to buy and 50 stocks to sell includes several major new additions.

New additions on the stocks to buy list include Pioneer Natural Resources (NYSE: PXD), Honeywell International Inc. (NYSE: HON) and Philip Morris International Inc. (NYSE: PM).

Names added to the stocks to Sell list include Murphy Oil Corporation (NYSE: MUR), PACCAR Inc (NASDAQ: PCAR) and Cummins Inc. (NYSE: CMI).

Among the 50 names on the Buy list, Oppenheimer sees the most positive technical momentum for Tyson Foods, Inc. (NYSE: TSN), Public Storage (NYSE: PSA) and Cincinnati Financial Corporation (NASDAQ: CINF).

When it comes to the Sell list, the firm sees the most negative momentum for Murphy Oil, Mosaic Co (NYSE: MOS) and Robert Half International Inc. (NYSE: RHI).

Disclosure: the author holds no position in the stocks mentioned.

Posted-In: Ari Wald OppenheimerAnalyst Color Long Ideas Analyst Ratings Trading Ideas


Related Articles (CINF + CMI)

View Comments and Join the Discussion!

Monday's After-Hours Recap: Index Movers, Alcoa's Earnings & More

There Was A Slew Of Guidance Cuts Today