Doug Kass expressed his market views for 2010 and he is expecting Utilities to be the best performing sector in the US stock market:
"Rate-sensitive stocks will outperform and metals will underperform. Utilities will be the best performing sector in the U.S. stock market in 2010; gold stocks will be the worst performing group, with consumer discretionary coming in as a close second."
Doug Kass is the general partner Seabreeze Partners Long/Short LP and Seabreeze Partners Long/Short Offshore LP. Until 1996, he was senior portfolio manager at Omega Advisors, a $6 billion investment partnership. Before that he was executive senior vice president and director of institutional equities of First Albany Corporation and JW Charles/CSG. He also was a General Partner of Glickenhaus & Co., and held various positions with Putnam Management and Kidder, Peabody. Kass received his bachelor's from Alfred University, and received a master's of business administration in finance from the University of Pennsylvania's Wharton School in 1972.
Related ETF`s: Utilities SPDR (ETF) (Public, NYSE:XLU)
Related Stocks: Exelon Corp. (EXC), Southern Co. (SO), DUKE ENERGY CORP. (DUK), American Electric Power Co. Inc. (AEP)
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