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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • June 27, 2011 01:16 PM UTC by Cheryl Casone

    Katz to FBN: "Double Digit Gains in 2011"

    While many see a doomsday scenario for the equity market, David Katz from Matrix Asset Advisors sees opportunity.  Here’s his take on the rest of 2011:

    “While short term sell off might continue, we are bullish for the balance of 2011.  We expect stock to end the year with low double digit gains.”

    “We recommend buying into current weakness.  Expect current slowdown to be a pause in economy and expect modest strengthening in second half of year.  In the not so distant future, we expect stock market to look beyond current slowdown.”

    • Expect market to muddle through headline risk and overhangs including:  Greece debt crisis, US Budget Showdown, anemic labor markets, pro Japan natural disasters.
    • Pullback in oil prices and rebuilding Japan will be tailwinds for economy in 2nd half of year.

    Stocks sell at a very reasonable 13.5 times earnings. The Fed is still accommodating, interest rates low, M&A activity is at very healthy level and we are in the early stages of an economic recovery.  The fundamental positive should outweigh the negatives.

    Sectors: Large and Mega Cap Stocks, Financials, Energy, Mega Cap Technology

    Stocks:  Corning Inc. (GLW) Monster Worldwide (MWW) Staples (SPSL) Wells Fargo (WFC)

    “All are world class businesses with very favorable long term prospects.  Short term, stocks prices have been sold off assuming economic slowdown continues indefinitely.  Believe all 3 could be 20 to 40% higher over the next 6 to 18 months.”

    Disclosure:  Matrix, our clients, our mutual fund, Katz and his family all own and continue to buy all of the recommended stocks.  There are no other conflicts of interest.


william robertson

Obama regime is most anti-business regime by an emense factor. He is pushing the American economic system as fast as he can into socialism. This should be obvious. If is is, then that means that at least half of the people want to bring an end to the goose that has laid the golden eggs.

June 28, 2011 at 12:32 pm

Dan Courtney

The administration believes that government can solve all problems. By acknowledging the issues expressed by small businesses they, in my opinion, feel they are admitting that government cannot.

June 28, 2011 at 12:28 pm

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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