Exact(5)
We maintain our buy recommendation, 158p target price and key sector pick stance.
Ober's favorite sector pick right now is gold.
One housing sector pick: New Century Financial, a mortgage originator and refinancer for the subprime market.
Another ICON sector pick is, not surprisingly, computer networking, which is seeing explosive growth thanks to the Internet as well as corporate America's increased spending on internal networking.
The research firm's top sector pick is Comcast, which is rated at "buy," while its least favorite pick is Charter Communications, rated at "neutral" with a $2.70 target price.
Similar(55)
The factory sector picked up steam, but global steel output showed weakness in June.
The Economy: Bigger and More Profitable Construction spending (pdf) increased in April, the service sector picked up slightly and the trade deficit is $6.3 billion (pdf) smaller than a year ago.
Companies in the United States added more jobs than expected last month while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth.
The United States manufacturing sector picked up its pace in August despite signs of a general slowdown in the economy, according to a report on Wednesday.
Britain's vast and crucial services sector picked up in February, raising hopes the economy could narrowly avoid dropping into a triple-dip recession.
Coventry University has been relaxed about the private sector picking up the demand among overseas students for hotel-type rooms, with flatscreen TVs and en suite bathrooms.
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