Portfolio for 2010
It’s been a while since my last post. I just wanted to give everyone my general take on 2010. Below is a list of positions I have taken in various companies. I have also listed some sectors I like for 2010 and sectors I don’t like. Again, this is just my opinion…but I have made my bets on certain stocks that I feel will outperform in their respective sectors.
Sectors I Like
- Financials, Particularly Regional Banks
- Home Builders
- Tech Stocks
- China Stocks
- Casino Stocks
Sectors I Don’t Like Right Now
- Health Care
- Biotechs
- Gold Stocks
- Energy Stocks
Here’s a list of my holdings right now. As you can see, I’m heavily invested in Financials. I think they’re the first ones to turn around when the economy improves. Homebuilders are also going to do well this year. As you see the real estate market improve, the home builders will rise along with it.
Along with each stock ticker below, I have indicated whether they are ST (short-term), RD (reduce) or LT (long-term) holdings. This indicates whether I plan take profit and sell all of this stock within the next 12 months (ST), reduce my position in a stock and take some profit within the next 12 months (RD), or hold it all beyond 12 months (LT).
AACFX – AIM CHINA CLASS A – LT
AIB – Allied Irish Banks, p.l.c. Comm – LT
AKAM – Akamai Technologies, Inc. – LT
AMAT – Applied Materials, Inc. – LT
ARUN – Aruba Networks, Inc. – LT
BAC – Bank of America Corporation – LT
BZH – Beazer Homes USA, Inc. – LT
C – Citigroup, Inc. – LT
CHINA – CDC Corporation – LT
CPBY – China Information Security Tech – LT
EJ – E-House (China) Holdings – LT
ETFC – E*TRADE Financial Corporation – LT
HBAN – Huntington Bancshares – LT
IARAX – AIM REAL ESTATE FUND CLASS A – LT
IBCA – Intervest Bancshares Corp. – ST
JGBO – JIANGBO PHARMACEUTCL – ST
KEY – KeyCorp Common Stock – LT
LVS – Las Vegas Sands Corp. – LT
MGM – MGM Mirage Common Stock – RD
NYVTX – DAVIS NEW YORK VENTURE FUND A – LT
OKSB – Southwest Bancorp, Inc. – LT
PNC – PNC Financial Services Group – LT
RAS – RAIT Financial Trust – ST
RF – Regions Financial Corporation – LT
RODM – Rodman & Renshaw Capital Group – ST
SKBI – Skystar Bio-Pharmaceutical – ST
SKS – Saks Incorporated Common Stock – LT
SLM – SLM Corporation, Common Stock – LT
SUSQ – Susquehanna Bancshares, Inc. – LT
TBBK – The Bancorp, Inc. – LT
TOL – Toll Brothers Inc. Common Stock – LT
WFD – Westfield Financial, Inc. – RD
YHOO Yahoo! Inc. – LT
On my watch list, I have the following stocks. I plan to look for an entry point to take a long position in these stocks.
FHN – First Horizon National
ALVR – Alvarion Ltd.
CMA – Comerica Incorporated
MCO – Moody’s Corporation
FITB – Fifth Third Bancorp
WFC – Wells Fargo & Company
KBH – KB Home
I haven’t taken position in any of these companies because I feel they’re quite pricey relative to peers. But I do feel that their long-term prospects all look pretty good.
Good luck all and as always, do your own due diligence before making any decisions regarding your investments!
