2015 EPS of these 25 stocks is 12 vs. 20x for the S&P excluding them. We see value at Telecom. but return it to EW from the OW set Jan end and put Media/Cable back to EW from UW. We OW HealthCare, Tech, Financials & Utilities. We UW Energy, Indus. & Materials. Market ‘:ornplacenev r eiernet pus in both ca

2015 EPS of these 25 stocks is 12 vs. 20x for the S&P excluding them. We see value at Telecom, but return it to EW from the OW set Jan end and put Media/Cable back to EW rom UW. We OW Heath Care, Tech, Financials and Utilities. We UW Energy, Industrials and Materials. Figure 10125 stocks that lower the S