On May 22, 5-star manager Neil Hennessy gave CNBC.com his Web Exclusive stock picks. But which stock did he slam?

Hennessy offered CNBC.com exclusively a list of value stocks that are worth a look, as investors wait for oil to top out:

Tupperware (TUP), Costco (COST), Airgas (ARG), AK Steel (AKS) and Bunge (BG).

So it looks to me like none of the above.

As to Hennesy’s taste, I think it is pretty good. While there are some differences in particular names, he seems to be hitting on some themes that I like.

I wrote bullishly about Tupperware in February, and the stock is up 5.7% since then compared to a 3.6% rise in the S&P 500.

I didn’t like Costco as much as BJ’s (BJ) in April, and BJ’s has risen 10.3% since then, versus a 3.8% rise in the S&P 500.

Rather than Airgas, my specialty chemicals play was Celanese. Since my April 10 article that stock has risen 15.0%, compared to 1.8% for the S&P 500.

In steel I’m relying on Reliance, a pick that has paid off with a 14.5% return since late April, compared to 0.8% for the S&P 500.

That leaves Bunge. As I noted recently Bunge looks good on the basis of earnings momentum and price momentum, but poor on the basis of free cash flow.

Disclosure: At time of publication, William Trent has no financial position in the companies mentioned in this article.

Last 5 posts by William Trent

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