Oil dominated the news again during the week, though crude prices fell back for a change. Economic data also moved the markets, which finished up for the week.

Most business news this week took a back seat to oil's relentless climb, but there were still some notable moments. And CNBC guests had plenty of stocks to recommend for worried investors.

To help investors survive the current market volatility, CNBC asked the experts where they're placing their bets in this environment.

Higher stock prices. They won't last, but while they're climbing, they're tradable. That's the message for investors from Barry James.

Despite recent signs of strength in stocks, the markets are still in the red for the year. To help protect your portfolio, CNBC's "Closing Bell" got advice from two 5-star fund managers, who offered their strategies -- and stock picks.