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

Top Funds of 2011 Driven by Tech, Energy

Although its shares are down 1.5% this year, Halliburton on Monday reported that fourth-quarter earnings more than doubled from a year earlier because of international demand as well as record U.S. revenue on the industry's rush to exploit shale formations in North America.

Halliburton said revenue and earnings growth will continue through 2011 as high oil prices drive demand for drilling and oil-rig services globally. Its shares gained 37% in 2010, more than twice that of the S&P 500.

Another new portfolio addition to Cambiar in the most recent reporting period was oil-field-services provider Key Energy (KEG - Get Report), now at 5.3% of the fund. Key's shares gained 48% in 2010 but are down 6.3% this year. Last week, FBR Capital reiterated its "outperform" rating on the company and raised its price target to $16 from $13, citing "favorable secular trends."

Other top holdings of Cambiar include: international oil-and-gas firm Repsol YPF (REP), at 8.3%, and Flextronics International (FLEX), a Singapore-based electronics-assembly contractor, which is 7.5% of the fund.

But the fund's returns this year have been buttressed by Canadian transportation conglomerate Bombardier (BBD.B), up 18%; On Semiconductor (ONNN), up 14%; and European Aeronautic Defense (EAD), up 19%.

Another large-cap fund off to a quick start is the $2 billion AllianceBernstein Large Cap Growth Fund (APGAX), up 6% this year and 21% over the past 12 months. It's counting on technology darlings Apple (AAPL - Get Report), the maker of the iPad and iPhone, at 7.5% of the fund, and the Internet search engine Google (GOOG - Get Report), 5.2% of the fund.

Others in its top five include Alcon (ACL), a leading maker of an array of eye-care products, investment bank JPMorgan Chase (JPM - Get Report) and oil-field-services giant Schlumberger (SLB - Get Report), all about 4% of the fund.

Schlumberger recently reported that fourth-quarter earnings rose 31%, and its results and that of Halliburton support the view that the oil-field-services sector is poised for a strong growth spurt on expectations that oil will top $100 a barrel this year.

AllianceBernstein has a volatile performance record and is coming off a particularly poor 2010, when it returned 9.4% versus the S&P 500's 15%. That put it in the 93rd percentile of large-cap funds, as ranked by Morningstar.

Another strong performer so far this year is Guinness Atkinson Alternative Energy Fund (GAAEX), up 8.7%. It's a strict play on alternative-energy stocks and, in particular, solar-energy companies. It may be serving as a counterpoint to rising oil and gas prices for some investors, but its long-term prospects are what attract most investors to the $38 million fund.
2 of 3

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
ONNN $0.00 0.00%
AAPL $123.38 0.00%
HAL $41.92 0.00%
GOOG $628.00 0.00%
JPM $68.05 0.00%

Markets

Chart of I:DJI
DOW 17,630.27 +189.68 1.09%
S&P 500 2,093.25 +25.61 1.24%
NASDAQ 5,089.2060 +49.43 0.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs