General Motors Company (GM), MGM Resorts International (MGM), Citigroup Inc (C): Covalent Capital Partners’ Top Picks Heading Into 2015

Lastly is Dana Holding Corporation (NYSE:DAN), which slips from fourth to fifth in Covalent’s portfolio. After a bullish third quarter on the stock, when it nearly doubled its position in the manufacturer and supplier of vehicle parts, Covalent scaled back its position by 14% in the fourth quarter, to 1.39 million shares. Dana Holding was up 10% in the fourth quarter, despite a precipitous drop in the middle of October. Dana Holding is up another 5.61% in 2015, and replaced Cubist Pharmaceuticals Inc. (NASDAQ:CBST) (which was acquired by Merck & Co., Inc. (NYSE:MRK) late last year) on the S&P MidCap 400 in late January.

Dana Holding Corporation (NYSE:DAN) has soundly beaten estimates for two straight quarters heading into their upcoming earnings report, which will be announced on February 19. Dana Holding earned $0.57 per share in the most recent quarter, on revenue of $1.64 billion.

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