GO
Loading...

Market 'Rubber Band' to Drive Up Stocks: Fifth Third's Billeadeau

Thursday, 2 Sep 2010 | 6:34 PM ET

The equity markets turned positive Wednesday and Thursday, and some analysts believe it is a sign of things to come. One such analyst is Scott Billeadeau, director of small and mid-cap growth strategies at Fifth Third Asset Management.

"I think the rubber band was pulled so tight, that just a couple of positive data points, and you're going to have people buying equities," Billeadeau told CNBC.

With interest rates at record lows and earnings at all-time highs, he expects equities to rally at the first sign of good news.

"If the economy's growing even 1 to 2%, profits are going to continue to grow," he said.

Billeadeau expects the market to grind higher into year-end, as cautious investors sitting on the sidelines begin to reinvest their cash in equities. "It's going to be slow, but I'm very bullish," he said.

Billeadeau likes the following stocks:

Deckers Outdoor

Warnaco Group

True Religion

Ulta Salon Cosmetics

Tenneco

Akorn

Cardtronics

______________________________
CNBC Data Pages:

______________________________


______________________________
Disclosures:

Disclosure information was not available for Billeadeau or his company.

Disclaimer

  Price   Change %Change
AKRX
---
CATM
---
DECK
---
TEN
---
UYO
---
ULTA
---
WARA
---
AKN
---

Featured