Peterson brings experience from top retailers including Ralph Lauren Kaser also favors consumer staples giant Newell Brandsįormer CFO Chris Peterson may shape things up as the new CEO by trimming the thicket of ho-hum products the company accumulated in acquisitions over the years. At least shareholders get paid to wait: Kohls recently sported a 7% dividend yield. “He is making progress, but turnarounds take time,” says Kaser. Kingsbury brings retail management experience he built at May Department Stores and then at Burlington Stores Kaser thinks relatively new CEO Tom Kingsbury has the right skills to fix these issues and turn things around. Which Kaser describes as a broken company left behind by time, trends and technology. He sees the stock rising to $24.50 a share. “They are shooting for all of this to happen by the end of 2025,” Kaser says. The activist shop has replaced Goodyear’s CEO and wants the company to cut costs and divest its chemicals business, the Dunlop brand, and a construction and mining truck tire division. Under pressure from activist investor Elliott Investment Management to make changes to reflate the stock. Falling interest rates will help financials, and all three of these sectors do well when growth is solid.įavorite stocks: Kaser specializes in turnarounds - out-of-favor stocks with rebound potential. Kaser says value stocks - mainly in energy, financials and industrials - will outperform. But the rest of the market looks reasonabe and could advance 10% over the next 12 months. May take a breather, after accounting for much of their 2023 gains.

Kaser thinks pricey “Magnificent Seven” stocks, including Microsoft

The people who have been predicting recession have been dead wrong for two years now,” he says. “The economy just remains remarkably resilient. GDP growth is possible as interest rates fall, spurring demand for big ticket items that require debt to buy - such as cars and houses. Strategy: Editor Bruce Kaser looks for cheap, out-of-favor turnaround companies.Ģ024 Outlook: Despite a slowdown in consumer and government spending, Kaser says 3% U.S.

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