Market Monitor: Wayne Kaufman on Stocks

Wayne Kaufman, chief market analyst with Rockwell Securities, talks about the market with NBR, and answers viewers’ questions about stocks.

G.E. stock seems to be stuck in the mud. I cannot understand how a company so diversified and productive seems to have lost favor with investors.
– Howie L.

Kaufman: You know, I think he hit the nail on the head with the question. I`m neutral on G.E. There`s just nothing exciting going on there. They don`t have much revenue growth. They do have a nice dividend.

They probably just will trade with the market.

(Read More: Expect Market Correction, Says Pro)

I enjoy your program immensely. I am retired. I would really appreciate if you would discuss the future of Hewlett-Packard stock.
– Dr. Rosy G., Portland, Ore.

Kaufman: I`m a fan of Hewlett-Packard. They surpassed analyst estimates for the last two quarters, which is something I always look for. The chart is bullish, which means the stock is going higher.

And the test on Hewlett-Packard will be, should the stock go up to the $30 area? Right now, it`s a little over $25.

Should it go to $30? There is some resistance there. If it breaks there, then that`s going to be great for the chart. But I think people are expecting that the P.C. business, which has been soft, everybody knows, it`s going to make a nice recovery in the second half of the year, and they have been beating estimates in spite of weak PC business. So I think that speaks very well for them.

I would like to hear about Ford stock and where it’s headed.
– Tom S.

Kaufman: I`m a fan of Ford. The stock recently broke out nicely making new highs. So, it, too, has a bullish chart. Ford, like Hewlett- Packard (NYSE:HPQ) has been beating estimates but they`ve done it for five quarters in a row. That`s very good.

I think everybody heard the news that domestic auto sales were terrific. Ford is also doing very well in China. So they are really hitting on all cylinders and I think there is more upside for the stock.

(Read More: Don’t Expect Earnings Blowout or Market Rallies, Pro Says)

I’m interested in 3D printing. I work at Stanford and am surrounded by people innovating, including 3D imaging for health care.
– Margaret L., Redwood City, Calif.

Kaufman: Well, there is no doubt the 3D group has been one of the most exciting things to come along in technology or in the economy. There– it`s just potentially a game changer and like all groups that catch the imagination of the public, it becomes highly valued.

So, I view all of these stocks — there`s three others along with DDD. There is XONE, PRLB and SSYS — I view them all as trading stocks until this becomes a more mature industry where we can see a little further down the road. But it`s definitely a very exciting space to be in.

No disclosures.

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  1. Kurt L. says:

    Please share your thoughts on Windstream (WIN) and do believe that it can continue its current dividend level? Thank You, Ellen.

  2. K>Stumpf says:

    please ask your market monitor for advice on Pulte Homes (PHM) over next 6 months to one year.

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