Corinthian Colleges Inc. (COCO), FMC Corp (FMC): The Climb of the Dow and the IPO Tsunami Ahead – Bob Pisani

Commenting on the market movements, CNBC reporter Bob Pisani gave a brief on the latest trends in the market and the sectors which are on a high in the  ‘Squawk on the Street’ program.

Corinthian Colleges Inc (NASDAQ:COCO)

Pisani highlighted the fact the Dow Jones is nearing 17,000 and even gains of 1000 points aren’t that high as they used to be in the past as the Dow has already crossed 16000 in February this year. He stated that the movement of the market leaders that are continuously rotating from the top slots, one after the other, is what keeping the continuing upward climb of the Dow.

“Every time you get a move, like healthcare moves up, becomes a market leader, then it falls back, which is its done recently, and technology moves up, becomes leader and then falls back. This month, energy and financial stocks have been very strong, and once again they are taking up the slack, as other names that were strong like tech earlier or even consumer staples fall back,” Pisani said.

Adding to his observation, Pisani said that Corinthian Colleges Inc. (NASDAQ:COCO) reached a Memorandum of Understanding with the Department of Education on a transition plan and has since gained 25%. Meanwhile, FMC Corp (NYSE:FMC) has fallen by 3.25% on the back on its guidance, which was below the expectations of analysts.

He said that there are a lot of questions being asked about the alternatives to high-yielding stocks, and according to him there isn’t any alternative. But he added that there are some stocks that can give yield to the investor that is higher than the S&P 500 and also at the same time these stocks have a growth potential.

He suggested that stocks like General Electric Company (NYSE:GE), JP Morgan Chase & Co. (NYSE:JPM), Amgen Inc. (NASDAQ:AMGN) and Eaton Corp PLC, for decent yields as well as growth potential.

Commenting on Nordic American Offshore Ltd. (NYSE:NAO), Pisani said that the yield on the stock is 11%, and that’s one of the reasons why most people are interested in such energy sector stocks. Pisani also highlighted the fact that there will be a kind of IPO tsunami in the next week with 18 companies lined up for public offerings.

Disclosure: none.

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click Here to Read Comments
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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!