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.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!