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==> The call for this week
By Jeffrey Saut | June 5, 2017

Never say never

While select negatives remain, the path of least resistance is to the upside, much to the surprise of most participants. We like the idea of buying some of the laggards. In the Barron’s article Jason recommended buying the SPDR S&P Regional Banking exchange-traded fund (KRE/$52.36). I continue to own and like my friend David Ellison’s Hennessy Small Cap Financial Fund (HSFNX/$24.17). David is also the portfolio manager of the Hennessy Large Cap Financial Fund (HLFNX/$19.27). Another laggard is the Energy sector (chart 5); here we like select favorably rated names from our Master Limited Partnership (MLP) research universe. In fact, we think commodities in general are attempting to form a double bottom in the charts (chart 6) and would add this asset class to portfolios. This morning the preopening futures are flat despite the grip of more terrorism over the weekend as the sun rises over the transom of my boat.

https://www.raymondjames.com/wealth-management/market-commentary-and-insights/investment-strategy

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