For contrarian investors who think the worst of the correction in commodity stocks is over, Oppenheimer thinks it's time for selective buying in the downtrodden sector that would enjoy a big benefit from any upside surprises to emerging markets growth prospects. The firm's top picks: CMP, CLF, WOR, KALU, RTI. It also likes paper and forest product stocks UFS, KS and SWM.
Tobacco industry supplier Schweitzer-Mauduit (SWM +16.5%) pops after resolving an intellectual property dispute with specialty paper company Delfortgroup over fire-safe cigarette paper, and agreeing to a licensing agreement with the company.
Schweitzer-Mauduit International, Inc., is a diversified producer of premium specialty papers and resin-based products. It manufactures and sells paper and reconstituted tobacco products to the tobacco industry as well as specialized paper products.