Oppenheimer’s one buy vs. one sell idea from each SMID sector

seekingalpha
28 Oct 2024

5./15 WEST

Oppenheimer analysts put together their list of buy and sell ideas from each sector among small-caps and mid-cap.

The S&P 500 (SP500) surpassed 8,560 late last week, and it is currently sitting at 5,828, up 22.18% year-to-date, and up 0.34% today.

Similarly, mid-caps (SP400) are up 12.74% year-to-date; and small caps (SP600) are up 7% year-to-date.

“Amid action that we believe is consistent with a bull cycle that should extend into 2025, our OPCO Bullish Composite, an aggregate of four popular investor surveys, has moved back into optimistic territory” at 87%, analysts wrote in a recent note.

However, they see this optimism as a “contrarian headwind” balanced by broad-based internal breadth.

Here are a top “buy” idea and a top “sell” idea from each small and mid-cap sector:

In energy: Buy Texas Pacific Land Corp. (TPL); Sell Helmerich & Payne Inc. (HP)

In materials: Buy Cabot Corp. (CBT); Sell O-I Glass Inc. (OI)

In industrials: Buy Acuity Brands Inc. (AYI); Sell AGCO Corp. (AGCO)

In discretionary: Buy Sweetgreen Inc. (SG); Sell Brunswick Corp. (BC)

In consumer staples: Buy Post Holdings Inc. (POST); Sell Simply Good Foods Co. (SMPL)

In health care: Buy Viking Therapeutics Inc. (VKTX); Sell Penumbra Inc. (PEN)

In financials: Buy WisdomTree Inc. (WT); Sell Navient Corp. (NAVI)

In real estate: Buy Lamar Advertising Co. (LAMR); Sell Howard Hughes Holdings Inc. (HHH)

In information technology: Buy SiTime Corp. (SITM); Sell Wolfspeed Inc. (WOLF)

In communication services: Buy CarGurus Inc. (CARG); Sell Cars.com Inc. (CARS)

In utilities: Buy Clearway Energy Inc. (CWEN); Sell Hawaiian Electric Industries Inc. (HE)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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