Looking for stock ideas with a Tar Heel twist? Five investors with decades of experience following North Carolina-based stocks offered their favorite selections for 2016 — and one to avoid. The rationale for these picks is included in the January edition of Business North Carolina.
Bobby Edgerton, co-founder, Capital Investment Cos., Raleigh
Cree Inc. (CREE)
Duke Energy Corp. (DUK)
Krispy Kreme Doughnuts (KKD)
Avoid: HanesBrands Inc. (HBI)
Frank Jolley, president, Jolley Asset Management LLC, Rocky Mount
Bank of America Corp. (BAC)
Cree Inc. (CREE)
Nucor Corp. (NUE)
Avoid: Red Hat Inc. (RHT)
Don Olmstead, managing director, Novare Capital Management, Charlotte
BB&T Corp. (BBT)
Bojangles’ Inc. (BOJA)
VF Corp. (VFC)
Avoid: LendingTree Inc. (TREE)
Christy Phillips, director of research and senior portfolio manager, Franklin Street Partners, Chapel Hill.
Insteel Industries (IINN)
Laboratory Corp. of America (LH)
Martin Marietta Materials Inc. (MLM)
Avoid: Tanger Factory Outlet Centers (SKT)
Ann Benjamin Zuraw, president, Zuraw Financial Advisors LLC
Bojangles’ Inc. (BOJA)
Old Dominion Freight Line Inc. (ODFL)
VF Corp. (VFC)
Avoid: Highwoods Properties Inc. (HIW)
David Mildenberg is editor of Business North Carolina. Reach him at dmildenberg@businessnc.com.