Author: Pat McFadden, M2 Global
Covestor model: M2 Global
Disclosure: Long MNKD
Given the extreme market volatility in early August, most investors are thinking tactically. We prefer to exercise strategic thinking during such times.
The shifting of debt and leverage from private entities to sovereign entities is an issue, but it was partially necessary, and if we don’t go into a deep recession (which we believe is unlikely) there are many securities that could rebound aggressively over the next year.
Below is a list of securities we’ve looked at seriously in August. We think these names could provide real upside in pursuit of high yield in an aggressive global portfolio:
MannKind Corporation (Nasdaq: MNKD)
Alcatel-Lucent (NYSE: ALU)
OmniVision Technolgies (Nasdaq: OVTI)
ARMOUR Residential REIT (NYSE: ARR)
Hovnanian (NYSE: HOV)
Gol Linhas Aereas Inteligentes SA (NYSE: GOL)
Paragon Shipping (NYSE: PRGN)
Managed High Yield Plus Fund (NYSE: HYF)
Clough Global Equity Fund (AMEX: GLQ)
Talisman Energy (NYSE: TLM)
