- Dollar Trouble, Oil's Bubble Could Derail Recovery
- Why Stronger Chinese Yuan Would Benefit US Investors
- Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash
- AIG CEO: I Remain 'Totally Committed' to Firm
- CNN Anchor Lou Dobbs Says He is Leaving Network
- A Day on the USS Harry S. Truman
- How the Droid and Google Threaten the GPS Makers
- Commercial Real Estate Near Disaster: Fund Manager
- This Town Will Pay YOU $10,000 to Buy a House
- What to Expect From Disney Earnings?
- HP's Shot Across Cisco's Bow
- USC Football Blog Leads All-Access Space
- Clowning Around At Work
- Ahead of Earnings Disney Restructures Studio
- Nov. 11: Unusual Volume Leaders
- 3 'Clear Sailing' Mid-Caps For Investors: Strategist
- Intimate Apparel Sales Heating Up: Maidenform CEO
- A Day On The USS Harry S. Truman
MOST SHARED
- Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash
- USC Football Blog Leads All-Access Space
- Dollar Trouble, Oil's Bubble Could Derail Recovery
- Addicted to Easy Money?
- Credit Is Thawing, But Businesses Still Hesitant to Borrow
- Why Stronger Chinese Yuan Would Benefit US Investors
- Oil Tomorrow
- HPQ to Acquire 3Com
Text Size 
 |
Two fund managers are wary of the big rally that followed moves by the Federal Reserve to pump liquidity into the economy, but they've still got some favorite stocks.
"I think we're going to have jagged market action and more re-tests of the [January] lows until at least mid-year," John Dorfman told CNBC. "The Fed has dressed the wound, but the patient still has the flu."
Dorfman is chairman of Thunderstorm Capital and portfolio manager of the Dorfman Value Fund.
His list of favored stocks begins with oil-tanker companies Tsakos Evergy Navigation [TNP
Loading...
()
] and Overseas Shipholding Group [OSG
Loading...
()
].
Charlie Smith, manager of the Fort Pitt Capital Total Return Fund, quoted a commentator who compared the Fed action to "a cortisone shot."
He likes industrial cyclicals with heavy overseas exposure, and is particularly fond of telecom despite concerns about pricing in that arena.
"We think the earnings are going to hold up quite well for people like AT&T [T
Loading...
()
] and Verizon [VZ
Loading...
()
]," he said.
He is also encouraged by recent developments at Caterpillar [CAT
Loading...
()
].
"They had a terrific report on their bookings," he said.
Smith is also strong on General Electric [GE
Loading...
()
].
"Their big-ticket industrial businesses are cooking along very nicely," he said. "That's really representative of a lot of high-value capital goods people that sell overseas."
General Electric is the parent company of CNBC.com.
Print
Email
- Bernard and Ruth Madoff's personal possessions will be auctioned this weekend. Click ahead to see.
- US real estate prices have fallen dramatically, but some places are still doing well. See the best-performing zip codes this year.
- An Italian cashmere maker aims to make profits while creating ideal conditions for his workers.
- Just in time for the holidays, the Triumph company of Japan offers the latest innovation in women’s undergarments.
- The real result of health care reform will be bloated government and higher deficits, says Larry Kudlow.
- Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
Data is a real-time snapshot *Data is delayed at least 15 minutes