“After a 40%-plus rebound in the S&P 500 since March, stocks became stretched to the upside and vulnerable to bad news,” SunTrust chief market strategist Keith Lerner noted. Lerner doesn’t see any pullback as a problem, however. Rather, he views it as a chance for investors to take advantage of lower points of entry, and realize strong gains as stock return to the upside. We’ve pulled three of SunTrust’s stock recommendations from the TipRanks database, to find out what else makes them compelling buys...
PennantPark Investment (PNNT) is a business development company, with a diverse portfolio of senior debt, subordinated debt, and equity in middle market companies. SL Green Realty Corporation (SLG) is a real estate investment trusts are known for their high dividend yields. TPG Specialty Lending (TSLX) provides credit and capital access to middle market companies, offering financing and funding solutions for complex business models. It’s an important niche, as the mid-market is engine of American small business.
Source: Yahoo Finance
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