Protecting Your Wealth as Recession Fears Rise
Today’s weaker-than-expected jobs report is putting pressure on stocks and has more investors uttering the “R word.”
To help investors protect their portfolios in this uncertain market environment, CNBC asked the experts for advice.
Betting on the Consumer
“As far as consumer stocks … we found a lot of opportunities there, and what we think are very stable businesses with little operating risk, as low as five times operating income, which for a value investment firm … that spells opportunity.”
- Mark Travis, Intrepid Capital Funds Chief Investment Officer
Travis recommends: DSW, Family Dollar and Wal-Mart.
Scary economy? Invest with CNBC's experts:
Steel & Natural Gas Plays
“I think steel has more legs than a centipede these days, so I still like Steel [U.S. Steel] … [for] a nat gas play, let’s go with PTEN [Patterson UTI] … I think with nat gas being high for probably the next year or so, they’re going to be able to increase their drilling budget, which means to them they have the most leverage in that space to bring you back those land rigs, so I think that’s a nice play.”
- Steve Grasso, Stuart Frankel