Your Cheat Sheet to Barron’s 2011 Roundtable Part Two

Last weekend, Barron’s published the release of its traditional Barron’s Roundtable, featuring 10 of the top economic and financial minds in the world:

  • ARCHIE MacALLASTER, Chairman, MacAllaster Pitfield MacKay, New York
  • FRED HICKEY, Editor, The High-Tech Strategist, Nashua, N.H.
  • SCOTT BLACK, Founder and president, Delphi Management, Boston, Mass.
  • BILL GROSS, Founder and co-chief investment officer, Pimco, Newport Beach, Calif.
  • MARC FABER, Managing director, Marc Faber Ltd., Hong Kong
  • ABBY JOSEPH COHEN, Senior investment strategist and president, Global Markets Institute, Goldman Sachs, New York
  • OSCAR SCHAFER, Managing partner, O.S.S. Capital Management, New York
  • MARIO GABELLI, Chairman, Gamco Investors, Rye, New York
  • FELIX ZULAUF, Owner and president, Zulauf Asset Management, Zug, Switzerland
  • MERYL WITMER, General partner, Eagle Capital Partners, New York
  • Here’s Part Two of our pundit pick breakdown:

    MacAllaster: “Corporations are doing well. They are loaded with cash. I was just sitting here making a list of such companies in the Dow: Intel (NASDAQ:INTC), General Electric (NYSE:GE), ExxonMobil (NYSE:XOM), Procter & Gamble (NYSE:PG), Johnson & Johnson (NYSE:JNJ). All probably will earn more money this year, and all probably will raise their dividends. The market [as measured by the Dow Jones Industrial Average] has been as high as 14,000 and it is now around 11,600. Stocks still have room to rise.”

    Hickey: Target’s (NYSE:TGT) numbers were no good at Christmas. Saks‘ (NYSE:SKS) numbers were fantastic. That’s a big problem…The Market Vectors Junior Gold Miners exchange-traded fund (NYSE:GDXJ) was up twice as much as the Market Vectors Gold Miners (NYSE:GDX) last year. Mining stocks are undervalued.

    Black: I have only one consumer stock, as the industrial side of the economy, both here and internationally, will do better. My consumer stock, JoS. A. Bank Clothiers (NASDAQ:JOSB), doesn’t get much respect…My next pick is Aecom Technology (NYSE:ACM). It is an engineering, design and construction company, but not in the bricks and mortar business, like Fluor (NYSE:FLR)….Jacobs Engineering (NYSE:JEC) sells for 19 times this year’s earnings. Fluor is at 20 times. Aecom’s return on equity is about 13%…My next stock, China XD Plastics (NASDAQ:CXDC), is a microcap…Methanex (NASDAQ:MEOH) is the world’s biggest producer of methanol…My next recommendation is a big-cap, Vale (NYSE:VALE). It sells for 34.98 a share, and has a $187 billion market cap. Vale is the world’s dominant producer of iron ore, which accounts for 76% of revenue. My next pick is General Cable (NYSE:BGC). It sells copper wiring to electric utilities, and for electrical infrastructure and construction…My last pick, Arrow Electronics (NYSE:ARW), is statistically cheap.

    Cohen: Her bullish picks include General Electric (NYSE:GE), United Parcel Service (NYSE:UPS), ExxonMobil (NYSE:XOM), Procter & Gamble (NYSE:PG), InterContinental Hotels (NYSE:IHG), Walt Disney (NYSE:DIS).

    Stay tuned for more of the Roundtable’s pundit picks for 2011 …

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