This Day On The Street
Continue to site
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

Doug Kass: 15 Surprises for 2013

Surprise No. 9: The big market winners and losers of 2013.

  • The winners: Ford (F - Get Report) and Altisource Asset Management (AAMC).
  • The losers: XLF, Morgan Stanley, Citigroup, Goldman Sachs, JPMorgan Chase (JPM) and asset managers.

Over the past few years (2010-2012), Altisource Portfolio Solutions (ASPS) was my stock of the year. The shares of Altisource Portfolio Solutions, which traded at around $15 a share in late 2009, rose to nearly $130 a share several months ago.

So, what is the next Altisource Portfolio Solutions, and what will be the stock of the year for 2013?

My answer is that we don't have to go far from Altisource Portfolio Solutions. The stock of the year will be the recent spinoff of Altisource Portfolio Solutions, Altisource Asset Management. With a sharp trajectory of earnings growth (resembling that of Altisource Portfolio Solutions in 2010-2012), I expect Altisource Asset Management will trade over $150 a share sometime this year.

Last year's surprise large-cap stock was Bank of America, which, after dropping by over 50% in 2011, climbed by over 100% in 2012.

My surprise large-cap pick for 2013 is Ford.

Trading at $13.50 a share, I expect Ford's share price to rise to above $17.50 a share in 2013 based on a combination of surprisingly strong domestic automobile industry sales (in excess of 16 million SAAR) and a revaluation (upward) in the company's P/E ratio.

After an initial burst to the upside, overowned financial stocks are the big losers in 2013, as the financial transaction tax, weak capital markets, still-low interest rates and tepid merger-and-acquisition activity weigh on the sector.

Strategy: Long AAMC and F.

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,671.67 -79.24 -0.45%
S&P 500 2,052.89 -10.48 -0.51%
NASDAQ 4,738.5050 -24.7190 -0.52%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs