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Now is a Great Time to Go Long Gildan, Penske and Gerdau

TheStreet.com Videos 2:49 mins

Shares of Gildan Activewear may have recently touched a 52-week high, but investors should stick with the stock as consumer and corporate spending trends higher, says Matt Schreiber, President of Investments at WBI Investments. Schreiber is also bullish on Penske Automotive, saying its strong presence in Great Britain and the United States means it is levered to the world's best performing economies. He adds it was not hurt by the severe winter weather in America. Finally, Schreiber likes Brazilian steelmaker Gerdau, saying it is oversold and trades at an overly cheap multiple.

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