Q: When the clock strikes midnight,Cinderella turns back to herself,but the Prince got her slipper, found her and happiness therafter.Both Great darlings,Hps.a & Cls have recently retreated from their highs,Shameful that I do not have a postion,so please advise good entry points. If I can only have one,which do U prefer? Txs for U usual great advices & services
5i Research Answer:
HPS.A has been very bouncy, but fundamentals haven't really changed. Anything near $100 to $102 we think should work out over time. The manufacturing sector had a rough week, but again CLS still looks good and is priced well at 15X earnings. We think $68 to $69. If just one, we would today side with HPS.A.