Gurus Pick Stocks for 2006

In this week's issue Business Week asked 76 strategists for their thoughts on the stock market in 2006. The "gurus" as the magazine calls them foresee gains for the Dow (+7.2%), S&P (+7.0%) and Nasdaq Composite (+7.6%). When asked for a favorite stock pick for 2006 only one guru chose a China stock.

Richard Driehaus of Driehaus Capital Management recommends out-of-home advertising network Focus Media (ticker: FMCN). You can access his latest holdings as of September 30, 2005 here.

His other China holdings (you may be somewhat surprised):

• American Oriental Bioengineering (ticker: AOB)
• Bodisen Biotech (ticker: BBC)
• China Expert Technology (ticker: CXTI)
• Ctrip (ticker: CTRP)
• KongZhong (ticker: KONG)
• New Dragon Asia (ticker: NWD)
• NetEase (ticker: NTES)
• The9 (ticker: NCTY)

You can access all of the guru's picks from Business Week (sub req).

Related:

• All China Stock Blog articles on Focus Media.
• Focus Media's Q3 2005 earnings results.
• Focus Media's Q3 2005 earnings conference call transcript.
• Fund manager recommends Focus Media.

Focus Media (FMCN) chart.