Friday, June 22, 2012

5 reasons we're buying Facebook

Soundview's Kris Tuttle has been building a Facebook FB position on its big fall from IPO � here's why.

� Longtime bear David Rosenberg of Gluskin Sheff is warming up to the market: "The future is brighter than you think... the Rosenberg shift to perma-bull status... could come as early as Thanksgiving."

� Early read from the Street on Apple's AAPL WWDC keynote.

� Two smart posts on China: John Hempton on its 'kleptocracy' and Dr. Ed Yardeni on its latest data.

� Junk bond ETF HYG PHB outflows grow.

� T. Boone Pickens' favorite energy stocks at the moment include BP BP and Encana ECA .

� Michael Arold:"Let's assume QE3 is indeed on the table � how could one trade it?"

� Some retail stocks � like Target TGT , Walmart WMT and Ross Stores ROST � are heating up.

� The S&P 1500's most volatile stocks.

� Danny DeVito, value investor.

This commentary does not constitute individualized investment advice. The opinions offered herein are not personalized recommendations to buy, sell or hold securities.

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