Starbucks stock retreated in heavy volume after a report suggested the coffee chain's growth may be losing some steam.» Read More
Good news -- for bears: The markets are still heading lower, according to Kirby Daley, senior strategist at the Newedge Group.
He tells CNBC that investors are being overly optimistic when it comes to equities -- because the U.S. economy isn't even close to a recovery. See the interview in video at left.
(He's not alone: A report Monday says the outlook is worse for Fannie Mae and Freddie Mac .)
CNBC's Companies in the News:
- General Electric (Story: Financial M&A )*
- BHP Billiton (Story: Profit up 30% )
- UnionBanCal (Story: Buyout deal near )
*GE is the parent company of CNBC.
On Barron's list of the top 100 fund managers in America, Arieh Coll ranks No. 8.
His four-star Eaton Vance Multi-Cap Growth Fund is up an average of 13.77 percent per year over the last five years.
You might think him a good source of ideas about investing in a bear market -- but he thinks the bear market may have ended a month ago.
He likes Chinese-based solar-power company ReneSola, despite -- or possibly because of -- a recent plunge in its price.
"Investors are too pessimistic on the solar power industry," he told CNBC. "Profits might be falling, but we think they're going to rise dramatically, about 50 percent in the next year."
Also on his list, futures and options broker MF Global.
"We think they're going to earn about a dollar per share in the next year," he said. "In the next year, the stock could double."
Consumer staples and energy are on Ralph Shive's stock-shopping list.
His five-star First Source Monogram Fund is up an average of 13.72 percent per year over the last five years.
Kimberly Clark tops his picks.
"In the consumer space, we prefer consumer non-discretionary," he told CNBC. "You can't live without diapers and Kleenex, and that's what Kimberly Clark does."
He's not worried about a possible rebound in oil prices.
"They can pass the costs along, I believe, because they're non-discretionary items," he said.
His energy play is Williams Companies.
"We're constructive on energy over the long term," he said. "Williams has come off pretty sharply in this energy correction; we think it's a relatively stable company within that space, and they have pipelines, which is a nice steady business."
Disclosure information for Ralph Shive was not immediately available.
Michael Yoshikami is rounding out the week with an eye toward quality.
The president and chief investment strategist of YCMNET Advisors picks two Dow Jones industrials as his Friday trades.
His first pick on the last day of the week is Johnson & Johnson.
The U.S. markets closed up Thursday -- despite higher inflation and joblessness data.
Is this a bear market rally or are declining oil prices at the heart of it?
Jack Bouroudjian, chairman at Capital Markets Technology, joined Steen Jakobsen, global head of asset management, executive director & CIO at Saxo Bank, to give their insights to CNBC.
More CNBC Investor Intelligence:
Stocks in the news Friday:
- Lehman Bros.
- NRG Energy
Yogi Berra once (allegedly) said, "If you come to a fork in the road, take it." Ken Kam thinks the market is at a crossroads, and investors face quite a challenge deciding where to go next.
The president and chief investment officer of Marketocracy Masters 100 outlined for CNBC the questions that he thinks must be answered: Are we past the major part of the financial crisis? Are the oil prices going to stay down significantly? And... how should investors prep for the answers?
Despite the recent tumble in the price of oil, Kam likes Occidental Petroleum.
"You have to look at a map, and see where Occidental gets its major sources of oil," he explained. ""Libya is one of the safer places to get oil nowadays, and secure access to oil supplies is one of the reasons Occidental looks particularly attractive right now."
He also recommends MasterCard despite its financial exposure and the consumer slowdown.
"People are not able to borrow on their home-equity lines of credit as easily any more," he said. "They're shifting their borrowing to credit-card use; in the second quarter of this year, MasterCard reported that revenues grew 25 percent. Imagine that! A company the size of MasterCard able to grow revenues 25 percent at a time when the whole worldwide economy was slowing down!"
Elan is on his list as well.
Two mega-investors -- Warren Buffett and Carl Icahn -- made major portfolio shifts.
Watch video at left for update on Buffett and Berkshire Hathaway .
Stocks mentioned in interviews include:
- Union Pacific
- Time Warner
- Biogen Idec
- Anadarko Petroleum
The shorts are back! Trading resurged following the expiration of the SEC's temporary ban against "naked" short selling of 19 financial stocks.
On Thursday, Jon Najarian, Fast Money regular and co-founder of OptionMonster.com, discusses the expiration -- and why shares of entities like Fannie Mae slipped.
More CNBC Investor Intelligence:
The global slowdown and the financial meltdown don't faze Randy Bateman. The chief investment officer of Huntington Funds has his eyes on a global infrastructure play and a bank.
His Huntington Situs Trust Fund is up an average of 14.48 percent per year over the last five years.
Bateman likes Trimble Navigation.
"The global slowdown would be a problem for everyone, but I'm not sure I necessarily believe in it," he told CNBC. "In this country, we know we're going to have to spend upwards of a trillion dollars on infrastructure build; that's got to take place pretty quickly, and if you add that to what's taking place in the rest of the world, I think...Trimble Navigation is in an excellent position."
He's also enthusiastic about Cullen Frost Bankers. That's right, a bank. Bateman says the secret to that stock is where the bank is located.
"One of the things that's hurt the other regional banks is the economy, and the economy has been sapped, in part, because of the rising fuel costs," he explained. "Texas, on the other hand, has been a beneficiary of those, and Cullen Frost happens to be one of the oldest institutions in Texas, is solely within the boundaries of Texas, and certainly, that economy is doing much better than the economy as a whole."
Size doesn't necessarily matter when it comes to five-star investing. Just ask Frank Sustersic, portfolio manager for Turner Investment Partners.
His small-cap Turner Emerging Growth Fund is up an average of 16.40 percent per year over the last five years. It's currently closed to new investors, but Sustersic is willing to share some of his favorite names.
Some of his favorite stocks are clinical-research organizations, or CROs.