(September 7 – 14:25 ET) – Equity strategists at Salomon Smith Barney remain
Salomon says the market has been range-bound by the conflict between strong corporate profits and interest rate jitters.
Nevertheless Salomon says it is sticking with its prediction of broader market leadership. The firm says mid-caps and cyclicals should pick up where blue chips and tech have been driving gains. The firm is picking a few stocks in each category that it expects to outperform the market for the rest of the year.
The only real Canadian name among its picks is JDS Uniphase, which they count as a mid-cap play. Consult the full report for other plays among the firm’s Nifty Fifty, and mid-cap and late-cycle cyclicals.
-IE Staff
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www.smithbarneyresearch.com