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
TheStreet Open House

SALT Conference: Blog Recap

LAS VEGAS (TheStreet) -- After focusing on many macro trends at the Skybridge Alternative Investment (SALT) conference, the afternoon's panels focused on some specific names with upside. After such a big run, which sectors and names could provide some upside?

In "From Peril to Profit: The Art of Activist and Distressed Investing," the panelists highlighted specific opportunities on companies that are "down and out." In particular, after such a strong run in the market, the panelists highlighted opportunities of names that have not run.

Christopher Pucillo of Solus Alternative Investments highlighted that distressed areas--including late-stage bankruptcy liquidations--have been attractive because they are not overbought. In particular, he highlighted the public shipping names, which have been difficult, citing that they could be bottoming. On Mad Money, we have looked at Diana Shipping (DSX) in particular.

Jeff Smith of Starboard also highlighted opportunities in the activist arena, because his firm can change the trajectory of the company and its future prospects. One key name where they are involved? Office Depot (ODP). Of course, he added, where shareholders have been unhappy creates opportunity for investment upside, as was seen with AOL (AOL), in particular, catching a big win over the last year.

The next panel, "Top Investment Picks and Viewpoints from the Year Ahead" highlighted key ideas in the current market. Overall, the panel was optimistic, citing that while a recession or frothiness in the market could derail the rally, they didn't see that happening anytime soon. Specific ideas? Leon Cooperman highlighted his number one idea as Monitise, a mobile wallet company. This small company isn't mainstream, but one that he is optimistic on, particularly because of its partnership with Visa ( V). In addition, he ran through opportunities in Express Scripts (ESRX), Qualcomm (QCOM), Citi (C), MetLife ( MET), and AIG (AIG).

Picks from John Burbank of Passport Capital? He still likes the Master Limited Partnerships (MLPs) like Kinder Morgan (KMP) despite their run, not to mention refiners like Marathon Petroleum (MPC). And he thinks Chinese internet companies, like Qihoo (QIHU) are the way to play China, even though he thinks management is questionable. And, to throw it in there, he mentioned Saudi Arabia--and the country's leading telecom, Mobily.

Oscar Schafer of Rivulet Capital likes Hertz (HTZ) -- this is a name we have liked on Mad Money because of the oligopoly in the rental car industry.

Ultimately, as Schafer said, individual stocks remain opportunities. Always focusing on macro issues and slow GDP growth takes your eye off the ball of individual investment opportunities.

Check out TheStreet's blog recap for more ideas from today's panels at the SALT conference.

--Written by Nicole Urken in Las Vegas.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,225.93 -53.81 -0.31%
S&P 500 1,999.92 -10.48 -0.52%
NASDAQ 4,538.4920 -41.2970 -0.90%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs