Jeff Saut, chief investment officer at Raymond James, is bullish on the market. You can read all about his views on that front here. The thing about bullish or bearish calls in general is that most people invest in individual stocks, despite the advent of market and sector ETFs.
Making money in "the market" usually boils down to individual stock picks, not whether or not the S&P 500 has built a sufficient base just under 1,300. Happily, Saut has plenty of stock ideas and was kind enough to share 3 of his favorites with Breakout viewers in the attached clip.
* EV Energy Partners (EVEP): Saut "started buying this name when no one had even heard of that resource" he says, referring to the Utica Shale Basin that made up much of the hidden value Saut discussed with us way back in April. Primarily an oil sands play, EV's stock has been "bobbing and weaving," digesting an enormous move from 2011. Saut says the basing is coming to an end, leaving EVEP poised to resume its move.
* Tangoe (TNGO): Tangoe's only been public for a few months and Saut has loved it the entire time. The maker of "state of the art" software has investors like IBM (IBM), Dell (DELL) and possibly HP (HPQ) behind it, most likely tapping into Tangoe's strong position in "intangible capital" (read: smart people). As mentioned in the clip, there's also the potential for any one of those juggernauts to simply go ahead and swallow Tangoe whole.
* Acme Packet (APKT): Raymond James' relationship to Acme illustrates the kind of analysis too seldom seen on Wall St. Specifically, when the facts and valuation of Acme changed, RJ changed their rating from Sell to Strong Buy. On May 23rd Raymond James initiated coverage of APKT with a "Sell"; at the time the stock was over $70 a share. Todd Koffman, who covers Acme for Raymond James, says a price in the mid-20's represents an appropriate tempering of expectations for the communications equipment company, hence the rating change.
There you have it, 3 stock picks from a guy who's made viewers money. Not stock recommendations (not ever), simply a place to start your research. Speaking of which, let us know what you think either in our comment section below or via Twitter @Jeffmacke.
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