Opportunity Knocks Overseas, Analysts Say
Which way are the markets -- and investors -- going? David Winters, CEO of Wintergreen Advisers, and Howard Silverblatt, senior index analyst at Standard & Poor's, joined CNBC's Maria Bartiromo on "Closing Bell" to tell where they see opportunity.
Silverblatt disputed the significance of the Dow's record closings this week, pointing out that "only 13 of 30" top companies are selling for more per share than they were in March 2000 -- and telecom and tech sectors "have lagged a lot." He noted that some 48% of S&P 500 sales "are from abroad" -- compared with 44% last year.
Winters said the majority of Wintergreen's assets are outside of the U.S. -- but in any location, "steady as she goes" is his firm's philosophy. The CEO lauded companies that prosper "no matter what," and said he likes "the cigarette sector" and Warren Buffett's Berkshire Hathaway.