Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY)
Oppenheimer Holdings Inc. (NYSE: OPY) today announced that its Board of Directors approved a share repurchase program that authorizes the Company to purchase up to 530,000 shares of the Company’s Class A non-voting common stock, representing approximately 4.2% of its 12,636,523 currently issued and outstanding shares of Class A non-voting common stock.
John Stoltzfus, Chief Investment Strategist, Oppenheimer Asset Management Inc. offers guidance in his newsletter on 5/26/2020-“ “A short list of thematic ideas could include: leisure (videogames, sports, entertainment), defense (military equipment), cyber security, alternative energy, ESG companies, environmental solutions, electric automobiles, artificial intelligence (AI), solutions for manufacturing and services, E-commerce, IoT (internet of things), big data, autonomous vehicles, and many more.” Source: https://www.oppenheimer.com/news-media/2020/market-strategy/5-26-2020-market-strategy.aspx
Positive trend for the stock- Earnings grew by 48.3% over the past year, trades at 18% below its fair value, and pays out a reliable dividend of 2.28% for shareholders.
26.26% % of Shares Held by All Insiders
46.58% % of Shares Held by Institutions
63.16% % of Float Held by Institutions
132 Number of Institutions Holding Shares
Our Top Stock are Walmart which is so undervalued and should be trading above $300 and Groupon (NASDAQ:GRPN) with a potential upside $50 by end of the year with strong holiday sales and retail spending. Another company we like is Google Alphabet ( NASDAQ:GOOGL ) with an upside of $2000 and Apple ( NASDQ:AAPL ) with upside of $1000.
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