Stock Picks for a Volatile Trading Day
The Friday Trade
"I was looking at some of the unusual activity we've seen in Commercial Metals…They recycle as well as mill steel, and that sector has been red hot, as we've all known."
- Pete Najarian, Najarian Capital
Najarian recommends: Commercial Metals , Norfolk Southern and CSX.
Betting on Tech
"I think now you look around, you look at tech, it hasn't participated in this rally. You have great news out today from Yahoo and Microsoft. Despite what you think about the deal, it's good news for the sector. I think there are a number of areas in tech that will work well; I particularly like storage."
- Michael Church, Church Capital Mgmt. Senior Portfolio Manager
Searching for a Bargain
"In this environment, what happens is we see the baby being thrown out with the bath water. There is so much value you can find where there's fear and panic running the marketplace. Microsoft found that value--that's why they came after Yahoo the way they did, and we're going to see a little bit more of that. Keep your eyes on the small cap stocks. They're probably going to be the greatest beneficiary of that type of news. Now the question is who's next. Who's going to buy who? And we could see a bit of a consolidation over the course of the next couple of months.”
Jack Bouroudjian, Brewer Investment Group Principal