CBS Corporation (CBS), Johnson Controls Inc. (JCI) and Advance Auto Parts Inc. (AAP): RBC Capital Markets Top Picks

According to RBC Capital Markets, the top performing sectors have been the energy and the utility sectors, which they continue to keep a closer watch on. CBS Corporation (NYSE:CBS), Johnson Controls Inc. (NYSE:JCI) and Advance Auto Parts, Inc. (NYSE:AAP) remain the top picks according to Marc Harris, the head of Global Research at RBC Capital Markets. In an interview on CNBC, he said that CBS makes the top of the list as the company continues to invest more capital on shows like ‘CSI’ that are expected to further bolster the company’s revenue and earnings.

CBS Corporation (NYSE:CBS)

Mr. Harris currently has a share price target of $70 on CBS Corporation (NYSE:CBS), which is currently trading around the $57 mark.

“CBS one of the great ones. They have got opportunities to take some of their shows, they have names like CSI and others generate more revenue from them by putting them into other avenues,” said Mr. Harris.

The key to investing in the markets, according to Mr. Harris, is looking for stocks that have underperformed and not had many runs in the markets, while also having that constant appeal to cyclical buyers. Johnson Controls Inc. (NYSE:JCI) is another stock that makes its way. Mr. Harris considers will change its entire portfolio over the course of the next few years.

The sale of Johnson Controls Inc. (NYSE:JCI)’s electronics business has already demonstrated the company’s ability to dispose its non-core operations as it looks to concentrate on operations able to guarantee further growth on the market. Capital returns to shareholders also continue to be one of the other exciting bits about Johnson controls.

“[...] You’ve got a company that three years, I think, is going to look very different we have already seen them take their electronic businesses and selling it. We think there is more of that to go plus obvious capital return to shareholders is the other elements that we like in this list along this themes,” said Mr. Harris.

Advance Auto Parts, Inc. (NYSE:AAP) is a company with great opportunities in terms of growth, having bought a large retailer business that runs a large commercial business, which Mr. Harris believes has a higher margin that should translate to higher earnings.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!