The Top 12 Stocks for 2016

Transcription

The Top 12 Stocks for 2016
The Top 12
Stocks to Buy
Right Now
By Dr. Mark Skousen
Editor, Forecasts & Strategies
By Doug Fabian
Editor, Successful ETF Investing
By Nicholas Vardy
Editor, The Alpha Investor Letter
By Bryan Perry
Editor, Cash Machine
Eagle Financial Publications • 300 New Jersey Ave. NW #500 •Washington, DC 20001
Copyright 2016 by Eagle Products, LLC
All rights reserved
IMPORTANT NOTE: This special report is for informational and educational purposes only, based on current
data as of March 2016. Do not buy or sell these investments until you have read the current issue of the
publications written by Dr. Mark Skousen, Doug Fabian, Nicholas Vardy or Bryan Perry.
The Top 12 Stocks for 2016
Copyright © 2016, by Eagle Products, LLC. All rights reserved. No
quotes or copying permitted without written consent.
Published by:
Eagle Products, LLC
300 New Jersey Ave. NW #500
Washington, DC 20001
800/211-7661
Websites:
www.MarkSkousen.com
www.Fabian.com
www.NicholasVardy.com
www.BryanPerryInvesting.com
www.EagleDailyInvestor.com
Introduction
The Top 12 recommendations offered in this special report give you one dozen of the best investment
opportunities from our team of experts. Dr. Mark Skousen, Doug Fabian, Nicholas Vardy and Bryan
Perry contribute their substantial individual investment skills as each provides three picks. You will
not want to miss out on these potentially highly profitable opportunities.
Dr. Mark Skousen’s Top Three Plays
1) Main Street Capital Corporation (MAIN)
2) Omega Healthcare Investors, Inc. (OHI)
3) Newmont Mining Corporation (NEM)
Top Pick #1: Main Street Capital Corporation (MAIN)
Based in Houston, Main Street Capital Corp. (MAIN) is a business development company (BDC)
that makes equity investments and loans money to small and mid-sized companies. Typically, these
businesses are cash flow positive, with revenue between $10 million and $100 million.
Main Street is well diversified. It has investments that exceed its cost basis in each of its three areas of
financing, and the company is well positioned to take advantage of new opportunities.
Main Street’s dividend is paid monthly. It has only been cut once since the 2008 financial crisis.
As investors will recall, Main Street’s management decided in 2013 to pay an extra dividend twice a
year. At the current rate, counting its monthly dividend of 18 cents a share, MAIN’s annual total
distribution should be $2.71 or more, for an outstanding yield of 7%.
I agree with Wall Street analysts who consider Main Street Capital the “best dividend stock in
America,” due to its top management team, insider buying and rising dividend policy. It is one of my
largest positions.
Management recently has continued to accumulate more shares of its own stock. Main Street’s
management team and directors own nearly a tenth of the company. CEO Vince Foster is the largest
shareholder in the company. Foster earns roughly $3.8 million in dividends per year on his holdings.
That’s about eight times as much as his salary.
The company’s directors, owners or board members execute transactions to acquire additional shares
routinely, nearly every month — all of them at market price. That kind of insider buying affirms my
confidence in the company’s outlook. The management team’s interests are clearly aligned with
shareholders. If the business does well, and management is able to increase the dividend, that puts
more money directly back into their pockets, as it should be.
Main Street sells for only 1.3 times book value now. Now is the time to add the shares to your
portfolio. It is rare to find a stock with a high yield, growing dividend, a very solid management team,
insider buying and bright prospects for the future. But that favorable situation is exactly what Main
Street Capital offers. That’s why I still recommend that you pick up shares of MAIN at market, and
further updates will be provided in upcoming issues of Forecasts & Strategies.
Data as of 3/9/2016 (Source: Stockcharts.com)
Top Pick #2: Omega Healthcare Investors, Inc. (OHI)
My best bet for real estate this year is Omega Healthcare Investors Inc. (OHI).
OHI actually has been my hottest play on this sector for a few years now, as I first recommended it to
investors back in 2013.
Specifically, OHI was added to the F&S portfolio on May 28, 2013. Here’s the reasoning I gave at that
time for investing in it:
Omega Healthcare Investors (OHI) is a great way to take advantage of the aging
of America. This Maryland-based owner of more than 400 nursing and assisted
living facilities in 35 states is a real estate investment trust (REIT), and there’s
plenty of room for further acquisitions of health-related properties.
Omega offers a healthy balance sheet and bottom line. Revenues rose 20% in the
past year to $367 million, and earnings advanced 46% to $133 million. With 36%
profit margins, OHI’s return on equity (ROE) is more than 13.5%.
Omega has had a rising dividend policy for the past 10 years. Today, Omega pays
out a 46-cent-per-share dividend (5.4% annualized yield), the highest of its peers.
Despite a rising stock price, Omega sells for 13 times estimated earnings in 2013,
and it has been beating estimates.
In addition, this company is perfectly set up for continued dividend growth. It collects huge rent
payments from hospitals all over the country, then passes 90% of its profits on to shareholders.
By paying out 90%, Omega also avoids any income taxes, allowing the company to increase payments
at even faster rates.
OHI continues to benefit from a booming healthcare industry, which has only added to its gains over
the last year. Take a look at the chart below and you’ll notice the shares recently pulled back to provide
a reduced price for those who want to buy the stock.
Data as of 3/9/2016 (Source: Stockcharts.com)
And since Omega’s fundamentals haven’t changed significantly since that original recommendation,
OHI still remains a buy at market price. In addition, to limit the effects of a sell-off, place a sell stop
20% below your entry price.
Top Pick #3: Newmont Mining Corporation (NEM)
With a market cap of roughly $9.15 billion, Newmont Mining Corporation (NEM) has mining
operations in the United States, Australia, Peru, Indonesia, Canada, New Zealand, Ghana and Mexico.
It has proven and probable gold reserves of 82.2 million ounces and an aggregate land position of
approximately 20,000 square miles. The company also produces silver, copper and zinc, and it runs a
merchant banking operation. Newmont doesn’t hedge its gold production, allowing investors to benefit
fully from future price rises.
If gold rallies from here, the combination of higher sales and earnings and the compelling valuation
should cause these shares to sprint higher. Although the U.S. dollar is currently performing strongly
due to worldwide quantitative easing programs, when the buck begins to falter, securities should retreat
back into the safe haven of gold and gold-related stocks.
Data as of 3/9/2016 (Source: Stockcharts.com)
About Mark Skousen
Mark Skousen, Ph. D., is the editor of the monthly investment
newsletter, Forecasts & Strategies, as well as three weekly trading
services, Skousen High-Income Alert, Five Star Trader and Fast
Money Alert. He also is a professional economist, investment expert, university
professor and author of more than 25 books. He earned his Ph. D. in monetary
economics at George Washington University in 1977. He has taught economics
and finance at Columbia Business School, Columbia University, Grantham
University, Barnard College, Mercy College, Rollins College and served as a
Presidential Fellow at Chapman University. He also has been a consultant to IBM,
Hutchinson Technology and other Fortune 500 companies.
Doug Fabian’s Top Three Plays
4) SPDR Gold Shares Fund (GLD)
5) Market Vectors Gold Miners ETF (GDX)
6) SPDR DoubleLine Total Return Tactical ETF (TOTL)
Top Pick #4: SPDR Gold Shares Fund (GLD)
SPDR Gold Shares (GLD) gives investors exposure to the spot price of gold bullion without requiring
them to take physical delivery of gold. Over 22 million ounces of gold are held in trust at BNY
Mellon, and a share of GLD represents a fractional ownership interest in that gold — share prices are
based on the price of one tenth of an ounce of gold. GLD has an expense ratio of 0.40%
After languishing in 2015, gold formed a nice rounded bottom. We believe gold is breaking out into a
new uptrend. So far, the exchange-traded fund (ETF) GLD is up 12.8% in 2016. It has broken out
above both its 50-day moving average and its 200-day moving average, and should continue to gain
momentum. In our opinion, there are a few factors causing this positive shift in momentum — namely
sentiment, market volatility and monetary policy.
Gold began its downturn in early 2013 and was been beaten down almost 33%. Despite having gained
more than 51% in the preceding three years of 2010-2013, sentiment quickly turned from bad to worse.
Talk of slowing demand from China and India is also adding to the dour sentiment. As investors know,
markets trade in cycles and we believe the overwhelming bearishness is beginning to wane. Market
volatility also has played a role in the positive turn. Nobody cares about gold when the markets move
higher and higher year after year. But when things get bumpy, everyone remembers that gold is a safe
haven. We believe volatility will continue to shake markets and more investors will make the flight to
safety.
While monetary policy does not play a direct role in the prices of gold, it does influence the perception
of growth and interest rates. Until recently, the U.S. Federal Reserve had taken a position of jawboning
about making multiple short-term interest rate hikes to quell inflation. Without the threat of inflation
and under the vow of rate hikes, hard assets such as gold are challenged. We believe this policy path is
currently severely challenged — given the state of global economic growth and the fact that the Fed is
currently one of the only central banks to be embarking upon financial tightening.
Taking into consideration the turn in sentiment, the market volatility and a potential shift in monetary
policy, we believe we will see continued gains in gold.
Data as of 3/9/2016 (Source: StockCharts.com)
Top Pick #5: Market Vectors Gold Miners ETF (GDX)
The Market Vectors Gold Miners ETF (GDX) tracks the performance of the cap-weighted NYSE Gold
Miners Index, and is a play on the performance of companies that mine gold or are involved in the
industry. With $5.4 billion in assets invested in 37 different holdings, the fund is well positioned to
benefit from the tailwinds for gold described in Pick #4 (GLD) above. The flight-to-safety trade can be
seen in not just gold bullion, but also in gold and mining stocks.
GDX’s expense ratio is 0.53%, and some of its largest holdings include Barrick Gold Corporation
(ABX), Newmont Mining Corporation (NEM), Goldcorp (GG), and Randgold Recourses (GOLD).
Like GLD, GDX has recently broken out above its 50-day and 200-day moving averages and is poised
for a great 2016. As treasury rates and market sentiment go down and volatility goes up, GDX should
ride to higher levels.
Data as of 3/9/2016 (Source: Stockcharts.com)
Top Pick #6: SPDR DoubleLine Total Return Tactical ETF (TOTL)
SPDR DoubleLine Total Return Tactical ETF (TOTL) What do you get when you marry the power
and flexibility of an exchange-traded fund with the skill and track record of “The New Bond King”?
The answer is the SPDR DoubleLine Total Return Tactical ETF. Issued by ETF pioneer State Street
Global Advisors (SSGA), TOTL is managed by DoubleLine Capital. The lead manager, decision
maker and intellectual force behind TOTL is Jeffrey Gundlach, CEO and CIO of DoubleLine Capital.
Gundlach is considered by many on Wall Street to be one of the best bond fund managers in the
market today. He’s one of the smartest guys I know when it comes to bond investing, and that’s why
time and again I’ve put my money on Mr. Gundlach via his mutual funds via his actively managed
ETF.
The fund invests across global fixed-income sectors, with an eye toward shorter-duration bonds, and it
takes advantage of the best bonds in the market. TOTL is a great place to hold capital during a stormy
market. And unlike bond index funds, TOTL can buy only the best-performing bonds for the portfolio,
while also staying away from most indebted bond issuers.
TOTL incorporates a core fixed-income strategy that seeks to maximize total return over a full market
cycle by actively investing across global fixed income sectors. As for the current holdings in TOTL,
they include mortgage-backed securities (54.60%), followed by corporate bonds (19.59%), Treasuries
(4.38%), and cash and cash equivalents (17.29%).
Less than a year old, this bond fund has already taken in more than $2 billion in assets. Look for that
number to continue to climb given A) Mr. Gundlach’s popularity as a bond fund manager, and B) the
growing popularity of bond ETFs. The fund operates with an expense ratio of 0.55%.
TOTL’s return since inception is 1.32%, vs. 0.71% for 2-year Treasuries, and I expect big things from
the fund over the long term given DoubleLine’s success with its Total Return (DLTNX), Strategic
Income (RNDLX), and other mutual funds.
Data as of 3/9/2016 (Source: Stockcharts.com)
About Doug Fabian
Doug Fabian is the editor of the monthly investment newsletter
Successful ETF Investing, weekly trading service ETF Trader’s
Edge and online ETF resource ETF University, or ETFU.com, as
well as the host of the syndicated radio show,
“Doug Fabian’s Wealth Strategies” and the weekly podcast “ETF Success
with Doug Fabian.” Taking over the reins from his dad, Dick Fabian, back in 1992,
Doug has continued to uphold the reputation of the newsletter as a top-ranked
riskadjusted market timer as ranked by Hulbert’s Investment Digest. Doug
published the book “Maverick Investing” in 2002 and has appeared as a
commentator on CNBC, Fox News and CNN. He also has been quoted in the Wall
Street Journal, USA Today, Barron’s and other publications.
Nicholas Vardy’s Top Three Plays
7) Apple Inc. (AAPL)
8) Paypal Holdings, Inc. (PYPL)
9) Phillips 66 (PSX)
Top Pick #7: Apple Inc. (AAPL)
Apple (AAPL) had its best year ever in 2015, delivering what Fortune magazine called “probably the
greatest corporate performance in the history of capitalism.” In the fiscal year ended September 30,
2015, Apple’s assets grew from $235 billion to $284 billion, a rise of $49 billion. And Apple generated
$25 billion in additional cash flow on these new assets — an astounding return of 51%.
Despite this remarkable performance, Apple’s stock dropped 4% in 2015, closing the year trading 22%
below its previous high — first hit in April. Apple’s lousy performance stood in stark contrast to many
other big tech companies — the so-called “FANG” stocks Facebook, Amazon, Netflix and Google —
which generated returns of between 25% and 100% in what was a boom year for the newer generation
of tech stocks. Now, when a stock generates its best year ever for earnings, and the stock still ends the
year lower, that means one of two things.
Either there is something seriously wrong with the stock… or it is a terrific investment opportunity. I
believe it’s the latter.
Despite Apple’s remarkable achievements, the 51 analysts that follow Apple stock treat the stock like
Rodney Dangerfield: they give Apple no respect. Bearish themes about the fate of Apple abound. But
none of them warrant such a sharp drop in Apple’s share price.
Nor am I convinced that Apple’s iPhone 6s sales will turn out to be disappointing. Analysts who are
focused on misleading supply chain analysis are missing a bigger and more reliable indicator of current
iPhone sales: Apple’s App economy. The App economy created by the iPhone is a phenomenon of its
own. Since its launch, Apple has paid out nearly $40 billion to developers. Michael Mandel estimates
that Apple’s app economy has generated 1.9 million jobs in the United States, 1.2 million jobs in
Europe and 1.4 million jobs in China.
App sales remained very strong all during calendar 2015, generating more than $20 billion in gross
revenue. That’s a 40% increase over 2014.
Apple’s stock price is really cheap. After the recent sell-off, Apple’s market cap is now lower than
Alphabet’s (Google’s), when you adjust for a mountain of cash on its balance sheet, including $187
billion held overseas.
I believe this is a serious mispricing. After all, Google earns less than a third of Apple’s revenues or
cash flow. Apple’s quarterly revenue growth is also more than 70% greater than Google’s.
Data as of 3/9/2016 (Source: StockCharts.com)
Top Pick #8: PayPal Holdings, Inc. (PYPL)
PayPal Holdings, Inc. (PYPL) is a familiar name for users of the Internet’s leading payment system.
PayPal allows buyers and sellers to make or receive payments from their computers, smartphones or
mobile devices on PayPal’s systems. And they can be reasonably assured of a secure transaction.
PayPal recently crept back into the headlines when, after spending 13 years under the ownership of
eBay, PayPal once again became its own company after it was spun off from eBay in July 2015.
Free of the shackles of eBay, PayPal (PYPL) today is an independent payment platform which can now
partner with previously off-limits vendors like Amazon.com (AMZN) and Alibaba (BABA) to expand
its already huge transaction volumes.
For example, Amazon’s customer experience would be enhanced by having one of the most accepted,
easiest payment platforms as an option on its site. And PayPal revenues would, of course, get a boost
from the increased transaction volumes.
PayPal has long held a unique position in the fast-growing e-commerce market. It is already a
dominant player as an Internet payment platform, where it enables roughly 10% of the total payment
volumes.
The next challenge for PayPal is the successful adoption of mobile payments and the offline merchant
business. Specifically, PayPal wants to expand into the $25 trillion payment market, where today it
holds only about a 1% market share. Smartphone-enabled services at the point of sale in stores,
restaurants and gas stations offer particularly good opportunities.
PayPal’s dominant payment system operates within the interchange network, which was created by
huge bank-sponsored credit-card operators like Visa (V) and MasterCard (MA). The network charges a
merchant a “take rate” of about $2.80 per $100 transaction. Most of that money — about $2.10 — goes
to the card issuer, and the rest goes to processors such as PayPal for facilitating the transaction.
On about 40% of its transactions, PayPal takes the full 2.8%, when customers have transferred the
money directly from their bank accounts. In these cases, PayPal runs the payments through its own
network.
In preparation for PayPal’s listing in July 2015, eBay acquired an impressive collection of four
companies with various mobile payment capabilities. The purpose was to bundle them together with
PayPal before the two companies split.
These businesses include Braintree, an online-payment gateway used by other companies; Xoom,
which runs overseas remittances; Paydiant, an online storefront for retailers, including Apple; and
Venmo, an email social network aimed at millennials.
The combination of these four companies gives PayPal depth and scale to immediately move into
several new markets and establish itself in the big leagues of the cashless payment world.
Data as of 3/9/2016 (Source: Stockcharts.com)
Top Pick #9: Phillips 66 (PSX)
The collapse in the price of oil over the past year has caused a lot of sleepless nights for investors. The
entire energy sector has suffered as a result. The good news is that this won’t last forever. And it also
means that there is now value in the sector that we haven’t seen since 2002.
As you know, keeping a close eye on “Alpha investors” with a terrific investment record can be a
source of great investment ideas. And Phillips 66 (PSX) happens to be Warren Buffett’s favorite stock,
with news of his increasing his stake in the company coming out almost daily.
In the past, Buffett has generally avoided commodity-related stocks, making his focus on Phillips 66
unusual. When Berkshire first started accumulating shares of Phillips 66, most investors thought it was
as a bet on oil heading higher.
The reality is more complex. That’s because unlike for the major oil companies such as Exxon Mobil
(XOM) or Chevron (CVX), Phillips 66’s earnings power is not tied as closely to oil prices. Instead,
Phillips makes its money on the wide price differentials between the price of crude oil and demand for
gasoline. That means that oil plunging to 12-year lows often can be good news for pure-play refiners
such as Phillips 66.
Data as of 3/9/2016 (Source: Stockcharts.com)
Buffett has repeatedly confirmed his endorsement of the management team at Phillips 66. Here’s a
good example of why. Phillips 66 enjoys its highest earnings in the refining segment under the current
conditions of the oil market. Still, management is looking ahead and is actively working to lower its
dependence on refining by strengthening the midstream segment. As proof, the bulk of the company’s
capital expenditures of $3.6 billion in 2016 will go toward growth projects in its midstream segment –
a segment that had almost negligible contribution to last year’s earnings.
By investing heavily in its midstream business, the management of Phillips 66 exhibits a much more
balanced, long-term view by focusing on the importance of diversifying its businesses.
About Nicholas Vardy
Nicholas Vardy is currently editor of The Global Guru, a free weekly
e-newsletter, and a monthly investment newsletter, The Alpha
Investor Letter, which provides longer-term global investments. He
also writes two weekly trading services, Alpha Algorithm and Bull Market Alert,
which focus on making short-term profits in the hottest markets in the world. A
former mutual fund money manager, he is also chief investment officer of Global
Guru Capital LLC, where he manages separate accounts for high net worth
individuals. A graduate of Stanford University and the Harvard University Law
School, he has a unique background that has proven his knack for making money
in different markets around the world. He also is a chartered financial analyst.
Bryan Perry’s Top Three Plays
10) Microsoft, Inc. (MSFT)
11) DuPont Fabros Technology (DFT)
12) Hannon Armstrong Sustainable Infrastructure Capital (HASI)
Top Pick #10: Microsoft, Inc. (MSFT)
If you looked at the depressing performance of most stocks in the last quarter of 2015 and into the first
months of 2016, Microsoft Corporation (MSFT) would stand out like a sore thumb. The technology
giant, also known as Mr. Softie, is proving to be one stock where owners of the shares just aren’t too
interested in parting ways, regardless of what market conditions are. In a time when everything is
going steadily down, MSFT has been more resilient than most.
Following a better-than-expected set of 3Q 2015 results, the stock gapped to new multi-year highs on
the strength of its cloud computing enterprise and topped estimates by an impressive 13.6%. Many
fund managers want this name on their books. Its 2.9% projected dividend yield, earnings momentum,
liquidity, upgrade cycle and technical relative strength are all valid reasons to consider owning this
stock.
As a general rule of thumb, technology is one sector of the market that doesn’t have much of a ceiling
on its growth. Technology and the infrastructure needed to make that technology possible are
continually evolving at a rapid rate. Microsoft plays ball with the “big boys” of the technology and
computing world, fielding as of late 2015 nearly $9.4 billion in assets. Its Windows 10 operating
system was active on over 200 million devices, with plans to reach 1 billion devices by 2018.
Here’s a chart of Microsoft’s recent performance:
Data as of 3/9/2016 (Source: Stockcharts.com)
Top Pick #11: DuPont Fabros Technology (DFT)
DuPont Fabros Technology (DFT) is among a handful of very resilient real estate investment trusts
(REITs) that operate in the data center space or, for IT folks, collocation assets. DFT engages in the
ownership, acquisition, development, operation, management and lease of large-scale data center
facilities in the United States. Data center infrastructure companies are a prime beneficiary of favorable
cloud traffic growth trends.
Currently, two-thirds of Internet traffic is data-center-related. In fact, data center traffic is the biggest
component to Internet traffic -- literally two times that of IP or WAN networks. This has prompted
analysts to predict that data center traffic will grow by a compounded annual growth rate of 23%
through 2019.
Dupont Fabros seems to be in step with this prediction. Despite one of the worst beginnings to a year
in history for the stock market, DuPont Fabros’ most recent earnings report showed that it matched
street estimates of $0.61 per share and posted revenue of $115.9 million, beating Street forecasts of
$111.5 million. DFT also recently raised its quarterly cash dividend by 12% to $0.47 per share from
$0.42 per share.
Why is Dupont Fabros’ share price going up when everything else is tanking? DFT is considered an
ultra-defensive stock by investors, a safe haven of sorts. It operates in a growing sector far away from
the war-torn front lines of the investing world.
Data as of 3/9/2016 (Source: Stockcharts.com)
Top Pick #12: Hannon Armstrong Sustainable Infrastructure Capital (HASI)
When we can hitch high dividend yields to cutting-edge growth industries, it makes investing for
income that much more exciting. Much of the future for domestic energy use is being leveraged in the
renewable energy sector, where vast sums of money are being allocated to drive down operational
costs and provide for a cleaner environment. Hannon Armstrong plays a central role in that mission, as
it provides debt and equity financing to the energy efficiency and renewable energy markets in the
United States. The company offers energy efficient products that reduce a facility’s energy use or cost
by enhancing or installing heating, ventilation and air conditioning systems, as well as lighting, energy
controls and energy-efficient roofs and windows.
HASI shares took a pounding in the last half of 2015, but it is still safe to say that last year was a good
one for this REIT. Why? Well, in the first quarter of 2015, the company posted excellent results and
provided strong forward guidance. Core earnings came in at $7.4 million, or $0.27 per share, an
increase of 35% over the $0.20 per share in the same quarter of 2014.
Chief Financial Officer Brendan Herron had this to say about his company’s performance at the time:
“The combination of our key growth drivers of an increasing investment portfolio, margin expansion
and operating leverage from an internally managed platform all contributed to our strong performance
in the quarter
More recently, Hannon Armstrong raised its dividend to $0.30 per share, more than a 10% increase.
Did I mention that its earnings per share (EPS) of $1.07 for 2015 is expected to jump by 20% to $1.29
for 2016?
The stock pays a current dividend yield of 6.20% and is on fairly stable footing. A 4.6-million-share
secondary offering midway through 2015 didn’t even phase the stock price.
The story underlying the stock is solid and HASI is developing a broad fan base of investors. With the
kind of growth the company is displaying, I expect dividend growth will be consistent and the stock
price should keep on rising. This is an exciting investment opportunity in my opinion.
Data as of 3/9/2016 (Source: Stockcharts.com)
About Bryan Perry
Bryan Perry serves as the editor of Cash Machine, as well as
Premium Income, a supplementary service that uses covered calls
as a unique way to generate additional income. He also writes
Dividend Investing Weekly, a free weekly e-letter. Before launching
Cash Machine, Bryan spent more than 20 years working as a
financial adviser for major Wall Street firms, including Bear Stearns, Paine Webber
and Lehman Brothers. He is frequently quoted by Forbes, Business Week and
CBS’ Marketwatch, and he often participates as a guest speaker on numerous
investment forums and regional money shows around the nation.
Conclusion
The Top 12 recommendations highlighted in this report are intended to tap ripe opportunities to help
you profit. You can choose Dr. Mark Skousen’s use of economic indicators to make his picks, the
focus on international markets by “The Global Guru” Nicholas Vardy, Doug Fabian’s time-tested,
moving stock average investment approach or Bryan Perry’s yield-centered investment focus. The
four unique perspectives of our seasoned investment professionals give you the opportunity to
assemble a well-diversified portfolio.
Sincerely,
Roger Michalski
Publisher, Eagle Financial Publications www.EagleDailyInvestor.com
Eagle Products, LLC
300 New Jersey Ave. NW #500 • Washington, DC 20001
800/211-7661 • www.eaglepub.com/eagle-financial-publications/
TOP12-0316