Well-known investor Doug Kass of Seabreeze partners was on CNBC to discuss his top predictions for 2013. He has predicted a move for 13 stocks; here in this video he discusses his top three predictions
-- P&G will attract more activist investors and will announce split of company generating good upside for investors.
-- Likes Ford Motor Company (F, Financial). It benefits from strong automobile sales in the U.S. and will result in an upward movement in P/E, raising the stock to about $20
-- Doesn't like Apple. He thinks competitive pressures are increasing and that will make Apple earnings slow considerably in first half of 2013.
-- Stock will remain below $550 for most of the first half of the year.
-- He also discussed his miss of 2012. His predictions of Bank of America being in trouble did not come true and stock doubled in 2012.
-- But says he will not touch Bank of America (BAC, Financial) at these levels.
Credit and source: www.cnbc.com, CNBC
Here is the video:
-- P&G will attract more activist investors and will announce split of company generating good upside for investors.
-- Likes Ford Motor Company (F, Financial). It benefits from strong automobile sales in the U.S. and will result in an upward movement in P/E, raising the stock to about $20
-- Doesn't like Apple. He thinks competitive pressures are increasing and that will make Apple earnings slow considerably in first half of 2013.
-- Stock will remain below $550 for most of the first half of the year.
-- He also discussed his miss of 2012. His predictions of Bank of America being in trouble did not come true and stock doubled in 2012.
-- But says he will not touch Bank of America (BAC, Financial) at these levels.
Credit and source: www.cnbc.com, CNBC
Here is the video:
