New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicLog In
Ken Heebner Bullish on US Stock Market; Top Stock Purchases: FCX, PCLN, LUV, BWA, TCK
Posted by: guruek (IP Logged)
Date: December 15, 2010 03:42AM

Kenneth Heebner of Capital Growth Management and Robert Doll of BlackRock share their reactions to the Federal Reserve's economic assessment and its decision to leave rates unchanged.

Heebner could not conceal excitement in this interview. For him, all stars and planets are lined up for the stock market to rally: double dip concerns are behind us, Fed has been very accommodating with QE2 and today with continued interest rate, US Senator has passed the bill extending Bush tax cut…

In particular, he sees the auto industry picking up the pent-up demand as the economy recovers. GuruFocus tracks Heebner and here are the stocks he bought the most in 3Q10:

No. 1: FreeportMcMoRan Copper & Gold Inc. (FCX), Buy: 5.65% of the portfolio - Total: 3,951,000 Shares

Freeport-McMoRan is engaged in mineral exploration and development, mining and milling of copper, gold, and silver in Indonesia, and the smelting and refining of copper concentrates in Spain and Indonesia. Freeportmcmoran Copper & Gold Inc. has a market cap of $54.07 billion; its shares were traded at around $114.82 with a P/E ratio of 13.9 and P/S ratio of 3.6. The dividend yield of Freeportmcmoran Copper & Gold Inc. stocks is 1%.

No. 2: Inc. (PCLN), Buy: 3.61% of the portfolio - Total: 618,300 Shares Incorporated has pioneered a unique e-commerce pricing system known as a `demand collection system` that enables consumers to use the Internet to save money on a wide range of products and services while enabling sellers to generate incremental revenue. Inc. has a market cap of $19.65 billion; its shares were traded at around $400.24 with a P/E ratio of 36.4 and P/S ratio of 8.5. Inc. had an annual average earning growth of 62.8% over the past 5 years.

No. 3: Southwest Airlines Co. (LUV), Buy: 3.5% of the portfolio - Total: 15,978,600 Shares

Southwest Airlines is a major domestic airline that provides primarily shorthaul, high-frequency, point-to-point, low-fare service. Southwest Airlines Co. has a market cap of $9.62 billion; its shares were traded at around $12.88 with a P/E ratio of 19 and P/S ratio of 0.9. The dividend yield of Southwest Airlines Co. stocks is 0.1%. Southwest Airlines Co. had an annual average earning growth of 1.4% over the past 10 years.

No. 4: BorgWarner Inc. (BWA), Buy: 2.91% of the portfolio - Total: 3,300,000 Shares

BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. Borgwarner Inc. has a market cap of $7.67 billion; its shares were traded at around $67.45 with a P/E ratio of 26.3 and P/S ratio of 1.9.

No. 5: Teck Resources Limited (TCK), Buy: 2.88% of the portfolio - Total: 4,170,000 Shares

Teck Resources Limited, formerly Teck Cominco Limited, is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. Teck Cominco Ltd. has a market cap of $33.35 billion; its shares were traded at around $57.47 with a P/E ratio of 26.7 and P/S ratio of 4.6. The dividend yield of Teck Cominco Ltd. stocks is 0.7%.

Check out Heebner’s stock portfolio and trading activities by clicking on Ken Heebner

Guru Discussed: Ken Heebner: Current Portfolio, Stock Picks
Stocks Discussed: FCX, PCLN, LUV, BWA, TCK,
Rate this post:

Rating: 3.4/5 (7 votes)

Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial