Byrnes said people have been talking about liquidity and that’s what investors need to watch. She says there is a world wide liquidity going around--looking for its best returns. She says as long as that doesn’t change--the markets should do very well.
In the energy group--Byrne suggested that oil could settle around $55 – $60 a barrel. She explained that at that price-- oil companies can make very nice returns but they have to have rising production – so you want to focus on companies that have rising production. Byrne likes Murphy Oil . They put money into Malaysia and are about the reap the rewards. And she likes Apache .
When Maria asked what’s the one stock or sector She wouldn't touch--Byrne replied that she’s pretty concerned about prolonged flat yield curves and their effects on regional banking – She said, “They’re not interesting to me.”
Analyst disclosure: ADP, MUR, APA, HOT, XOM, Byrne owns stocks indirectly through Westwood Holdings funds.