- A number of stocks and funds could see some buying action tomorrow following favorable write-ups in the weekly publication.
- Alerian (NYSEARCA:AMLP) and Salient Midstream & MLP (NYSE:SMM) were both highlighted as "best income ideas for 2019" due to the master limited partnerships' investment focus on companies that provide transportation, storage, and processing of energy.
- There are also some tasty morsels for value investors with AT&T (NYSE:T), DXC Technology (NYSE:DXC), Morgan Stanley (NYSE:MS) and Mylan (NASDAQ:MYL) all singled out as single digit forward PE stocks with recent Wall Street upgrades.
- Navistar (NYSE:NAV) is seen as a M&A target after its round of cost-cutting and with Volkswagen (OTCPK:VWAGY) still lurking as a suitor.
- Finally, there is Apple (NASDAQ:AAPL) to consider with its 12X 2019 EPS multiple and $130B net cash position. "Assuming Apple’s multiple returns to its 13.6 average, the stock is worth $166.46. Add back $27 in net cash per share—a logical step given that Apple has finally promised to bring its cash position to zero—and Apple is worth $194, 31% above its latest close," writes Tae Kim.
- Now read: What Should I Do With My Apple Shares?
Original article