Oppenheimer’s one buy vs. one sell idea from each SMID sector

seekingalpha
2024-10-28

5./15 WEST

Oppenheimer analysts put together their list of buy and sell ideas from each sector among small-caps and mid-cap.

The S&P 500 (SP500) surpassed 8,560 late last week, and it is currently sitting at 5,828, up 22.18% year-to-date, and up 0.34% today.

Similarly, mid-caps (SP400) are up 12.74% year-to-date; and small caps (SP600) are up 7% year-to-date.

“Amid action that we believe is consistent with a bull cycle that should extend into 2025, our OPCO Bullish Composite, an aggregate of four popular investor surveys, has moved back into optimistic territory” at 87%, analysts wrote in a recent note.

However, they see this optimism as a “contrarian headwind” balanced by broad-based internal breadth.

Here are a top “buy” idea and a top “sell” idea from each small and mid-cap sector:

In energy: Buy Texas Pacific Land Corp. (TPL); Sell Helmerich & Payne Inc. (HP)

In materials: Buy Cabot Corp. (CBT); Sell O-I Glass Inc. (OI)

In industrials: Buy Acuity Brands Inc. (AYI); Sell AGCO Corp. (AGCO)

In discretionary: Buy Sweetgreen Inc. (SG); Sell Brunswick Corp. (BC)

In consumer staples: Buy Post Holdings Inc. (POST); Sell Simply Good Foods Co. (SMPL)

In health care: Buy Viking Therapeutics Inc. (VKTX); Sell Penumbra Inc. (PEN)

In financials: Buy WisdomTree Inc. (WT); Sell Navient Corp. (NAVI)

In real estate: Buy Lamar Advertising Co. (LAMR); Sell Howard Hughes Holdings Inc. (HHH)

In information technology: Buy SiTime Corp. (SITM); Sell Wolfspeed Inc. (WOLF)

In communication services: Buy CarGurus Inc. (CARG); Sell Cars.com Inc. (CARS)

In utilities: Buy Clearway Energy Inc. (CWEN); Sell Hawaiian Electric Industries Inc. (HE)

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