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Agriculturals are defensive commodity plays, said Jonathan Kleisner, managing director of investment strategies at REX Capital Group.
Jonathan Vyorst, manager of the Paradigm Value Fund, sees opportunities in financials.
“The revised Paulson deal is very good for large-cap banks, and I think for the sector as a whole," he told CNBC. "We’re also looking at some brokerage firms that are well capitalized and should come out of this situation strong.”
“We’ve taken a position in...Goldman Sachs , we have a smaller position in Bank of New York and Bank of America , and these are very recent. These are things we put on last week and this week," he added.
In the small-cap space, Vyorst has been purchasing Jefferies and insurance company American Financial Group .
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Ted Parrish, portfolio manager at Henssler Equity Fund, told CNBC it's a good time to take advantage of what big-cap stocks offer.
High quality stocks are on the cheap, said Abhijit Chakrabortti, Morgan Stanley chief global equity analyst.
“There is a great advantage for coming into these stocks now at these depressed valuations,” he said.
The government is starting to purchase stakes in financials, so should investors follow suit? Michael Cuggino, manager of the Permanent Portfolio Fund, says yes.
(Click here for the full interview)
“If you’re a long-term investor it is a good buying opportunity," he told CNBC. "I think if you’re a trader you should have bought a couple of days ago."
"The long-term fundaments are sound. These companies are the firms that provide the oil for the world’s economic engines—they’re not going away. The federal government has indicated [as much] in their aggressive move to step in and shore them up to the extent they felt they needed to,” he added.
Cuggino likes Morgan Stanley , Bank of New York Mellon , State Street and Charles Schwab .
As investors worry about declines in technology company stocks, CEO Richard Prati of American Technology Research told CNBC he still feels bullish about names in the sector.
Focus on yields, says John Merrill, Tanglewood Wealth Management, because there are some "incredible bargains."
Food and farming plays like Monsanto, Potash, Yara and Syngenta are good buys, along with health-care stocks such as Essilor, Stephen Pope, chief global market strategist at Cantor Fitzgerald Europe, told CNBC.
What stocks are going to be left standing after the current crisis has run its course? Paul Kedrosky of Ten Asset Management believes it will be companies that handle financial risk and tranparency well.
"The CME has really laid out a nice path forward," he said Monday on CNBC. He thinks they will be a player in moves to bring greater transparency to financial instruments like credit default swaps.