This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Five Spot: Legg Mason Bets on Renewables

chart

BALTIMORE ( TheStreet) -- Brian Angerame, manager of the Legg Mason Partners Capital Fund (SACPX), says Shaw Group (SGR) and Covanta (CVA - Get Report) are attractive long-term stock picks as America focuses on renewable energy.

The fund, which gets Morningstar's second-highest rating of four stars, has risen 15% this year, better than 99% of its peers. Over three years, the Legg Mason Partners Capital Fund has lost an annual average of 8.1%, compared with a drop of 9.5% for rivals.

Welcome to TheStreet.com's Fund Manager Five Spot, where America's top mutual fund managers give their best stock picks in five fast and furious questions.

Are you bullish or bearish?

Angerame:We are bullish because we are still finding stocks to own. That said, we do not have high hopes for the market as a whole over the next quarter or two. The market had a strong rally driven by the healing of the credit market and the "green shoots" which began to appear in the early spring.

In order to have a strong rally from here, we are going to need to see some of those green shoots flower and bear fruit. That will be difficult while corporations are right-sizing their businesses and consumers are paying down debt. Longer-term, we believe that individuals and corporations with better balance sheets will be better consumers and borrowers, and that will be healthy for the U.S. economy and the U.S. equity market.

What is your top stock pick?

Angerame:Shaw Group is an engineering and construction company that does everything from rebuilding the levees in New Orleans, to bending pipe for refineries and power plants. Shaw will benefit from the resurgence in demand for nuclear power both here and abroad. We didn't buy the shares because Shaw will be helped by the Obama administration, but more than likely, nuclear will be part of the plan to meet the world's renewable energy needs.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CVA $22.38 0.00%
AAPL $131.29 -0.57%
FB $80.55 0.00%
GOOG $538.73 -0.20%
TSLA $247.00 -0.17%

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs