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Stock Picks For Curing the Weak-Dollar Blues

Brooke Sopelsa,|Video Producer
Thursday, 28 Feb 2008 | 11:34 AM ET

With a declining dollar and Thursday's weaker-than-expected economic data, the markets can seem a little scary. To ease investors' fears, CNBC asked the experts where they would put their money.

Market's Next Move
Debating whether the markets can continue to thrive in this unsettled environment, with Paul Alan Davis, of Schwab, and David Sowerby, of Loomis Sayles

Betting on Cyclicals

“I'm gravitating more toward the early cyclicals. I might be early and a little wrong before I’m right, but I’d be in technology. Corning I think is a very good name that’s more consumer-related within technology, with the liquid crystal displays for the flat-panel screens. Likewise on the consumer side, [I like] names like DirecTV . Spartan is a safer name; that’s a retail food store here in Michgan –- smaller-cap name but one I like very much.”

- David Sowerby, Loomis Sayles & Co.

Weak Dollar Plays
A check on currencies and a look at how best to invest on the dollar's weakness, with Marc Chandler, of Brown Brothers Harriman; David Leaver, of Forex.com; and David Dietze, of Point View Financial Services

Weak Dollar Plays

"You’ve got three traditional ways to play a weakening dollar. One is your U.S. multinationals ... your Procter & Gambles , your Cokes [Coca-Cola] , McDonald’s -- they have extensive overseas revenues … The other way to go is to go overseas yourself. Buy into a European sector fund, where those companies, particularly a small-cap European sector fund, where they’re getting most of their revenues in the euro … Another way to go is just your traditional commodity plays, and of course in the stock market that basically means your energy companies, because as the dollar depreciates, things like gold, copper and oil are all going to go up -– your Chevrons , your Conocos , your Freeport McMoRans -– those are all good plays for a weakening dollar scenario."

- David Dietze, Point View Financial Services President & Chief Investment Strategist

Playing Dell Ahead of Earnings
How to play Dell ahead of its earnings announcement, with Shebly Seyrafi, of Caris & Co., and CNBC's Jim Goldman

Trading Dell Ahead of Earnings

“We think Dell is attractive with a long-term horizon. The next few months could be choppy for tech stocks in general. Dell does have high U.S. enterprise exposure; 62 percent of revenues from the Americas, for example, but I think that Dell has a real chance for a turnaround based on reducing head count –- they have a target of around 10 percent –- and also reducing operating expenses in general.”

- Shebly Seyrafi, of Caris & Co. Managing Director of Tech Research

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