The week began with a flashback to the credit crisis. It ended with figures showing the fastest inflation in six months and the lowest consumer-sentiment reading in 28 years. Along the way, as the stock market ebbed and flowed, CNBC guests assembled a collective portfolio that was heavy on technology, energy, and global exposure.
Lehman Brothers warned of an unusually large $2.8 billion quarterly loss, and pledged to raise $6 billion in new capital. April pending-home sales, a leading economic indicator, rose 6.3 percent.
David Sowerby of Loomis Sayles recommended technology stocks, with their abundance of free cash flow: Applied Materials , Corning, Harris Corporation. He also liked trendy watchmaker Fossil and beverage producer Dr. Pepper Snapple.
Stifel Nicolaus's Todd Weller went with information technology: Eclipsys, Allscripts, Quality Systems, Cerner.
Gary Anderson of the UMB Scout International Fund pointed overseas to Novo Nordisk, United Overseas Bank, and Petrobras.
The trade gap widened more than expected. Fed chairman Ben Bernanke warned that oil prices are driving inflation. XTO announced it was buying privately-owned Hunt Petroleum.