Shopping for Stock Bargains in a Volatile Market

Brooke Sopelsa,|Special to CNBC.com
Friday, 18 Jan 2008 | 1:04 PM ET

Stocks slipped again today after an early rally, and the word "recession" seems to be rolling off everyone's tongue.

CNBC asked market experts how investors can best weather this storm.

Energy Investing
Discussing slow demand and refining margins, with Howard Simons, Bianco Research; Kurt Hallead, RBC Capital Markets; Kevin Ferry, Cronus Futures Management & CNBC's Carl Quintanilla

Drilling for Energy Opportunities

“You still have to like the upstream companies: the exploration production companies, the drilling companies and the service firms. Schlumberger , for example, we were talking about today, has a great long-term franchise. Your big problem, though, is increasingly their customers are state oil companies, and they don’t have as much pricing power there.”

Howard Simons, Bianco Research Strategist

Fast Money: Profiting From the Craze

Tomorrow's Trades #1
Making profits from the craze, with the Fast Money team.

Take a look at online brokers Charles Schwab, TD Ameritrade and Knight Capital , Fast Money's Pete Najarian said. These names are performing well but being sold anyway since anything retailed to financial services seems to be getting thrown out.

Guy Adami doesn't think “fallen angel” Goldman Sachs should be sold off in the same way that traders are selling Merrill Lynch, Bear Stearns and Morgan Stanley .

Sin Stocks
Top picks to give your portfolio an edge, with Tom Anderson, Kiplinger's Personal Finance associate editor and CNBC's Melissa Lee

Investing in Sin Stocks

“Sin stocks, and that’s stocks of alcohol, tobacco and gaming companies, tend to do well in downturns. That’s because the revenue and profits aren’t tied to the economic cycles as much as other industries, and consumers aren’t going to stop smoking, drinking and gambling just because we might be in a recession.”

Anderson recommends: MGM Mirage , Altria , Diageo

Tom Anderson, Kiplinger’s Personal Finance

How to Play the Markets
Discussing market volatility, with Michael Farr, Farr, Miller & Washington & CNBC's Steve Liesman

Strong Companies in a Weak Economy

“We are concentrated in healthcare, we also own technology, and we own some cheaper technology. We’re paying close attention, as we always do, but close attention to balance sheets in here. The stronger companies come through tough times like this better; they tend to gain market share, too.”

Farr recommends: Wells Fargo

Michael Farr, Farr, Miller & Washington President

Stocks Coast to Coast
The edge you need in this rough and tumble market, with Brett D'arcy, CBIZ Financial Solutions; Michael Ryan, UBS Wealth Management and CNBC's Mark Haines

Getting Defensive With the Dollar

“I think you need to look outside the stocks for some safe harbors, and I think one would be the U.S. dollar at this point. I think that this is a contrarian play. The dollar has been declining for a long, long time, it hit a 40-year low in November, so I think this is an area, it has very low correlation with stocks, it’s probably going to offer you some protection here in a real volatile stock market.”

Brett D'arcy, CBIZ Financial Solutions Director of Investments

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