GO
Loading...

Be Brave -- Stick With Commodities

picks_pans_badge.jpg

With oil, gold and grains testing dizzying highs, are commodities about to melt down?

No, says John Roque, senior vice president and technical analyst at Natixis Bleichroeder.

He explained his confidence in commodity markets -- and picked a stock to play them.

"We are not in a commodities bubble," Roque maintains.

"There's going to be a pullback, likely a big one -- but that's a time to reassess your position" -- not to flee the markets entirely.

Recommendations

He likes Helmerich & Payne , an energy services provider, with a price target of $60.

  • Video: Watch the complete analyst interview (3 mins, 12 secs)

In a different vein, Roque also praised biotech ImClone Systems : "A different story, clearly," but one with a favorable "long period of inactivity."

Disclosures

Neither Roque nor his form holds shares in or advises Helmerich & Payne; Roque's firm may make an over-the-counter market in ImClone Systems.

Disclaimer

Contact Stocks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.