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Portfolio Manager: I'd Buy Right Now

Tuesday, 12 Dec 2006 | 12:51 PM ET

The Dow Jones Industrial Average is modestly lower at this hour due largely to an uptick in the price in oil . On today's "Power Lunch," Sue Herera spoke with Jeff Krumpelman, the Senior Portfolio Manager at Fifth Third Asset Management -- who revealed why he'd buy, right now.

Market Outlook
A look at where solid pockets of growth can be found, with Jeff Krumpelman, Fifth Third Asset Management Sr. Portfolio Manager, and CNBC's Sue Herera.

Jeff Krumpelman said "I think you could add to your position right in here. There is nothing that would prevent me from moving at these valuation levels; unemployment is at healthy levels and then there's the specter of Fed rate cuts - I'd move in here."

Krumpelman added that his firm feels good about the markets. He said "2006 will end on a positive note -and when we step back and look at the fundamentals and valuations backdrop, we like what we see. In a nutshell we think the market will be up in the low double digits in 2007."

"If you're looking for themes, we favor large over small - value over growth - high quality over low quality."

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  • Sue Herera is a founding member of CNBC, helping to launch the network in 1989. She is co-anchor of "Power Lunch."

  • Tyler Mathisen co-anchors CNBC's "Power Lunch." Mathisen also co-anchors "Nightly Business Report produced by CNBC."

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Kenny Polcari