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Current DateTime: 11:46:06 10 Oct 2008
LinksList Documentid: 24355697

Current DateTime: 11:46:05 10 Oct 2008
LinksList Documentid: 24890560
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Market Resilience: A Strong 'Buy' Signal
By Andrew Fisher | 04 Apr 2008 | 12:01 PM ET
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Picks and Pans

Bad economic numbers have jarred the market -- but not nearly as badly as many had feared. 

Marty Cunningham of Hudson Securities finds that reprieve reassuring...and says it's time to get busy buying hard-hit stocks like financials and technology.

Recommendations:

"I think there's a lot to look forward to," he told CNBC. 

"I look to next week's earnings schedule, Intel [INTC  Loading...      ()   ], Merrill [Lynch] [MER  Loading...      ()   ], WaMu [Washington Mutual] [WM  Loading...      ()   ], IBM [IBM  Loading...      ()   ] and others as an opportunity for us to get back into the trading business."

Cunningham sees big comebacks for those stocks.

"They clearly took the largest beating, and I think much of the air has been taken out of the balloon across the entire segment," he said. 

"I think there might be an opportunity to find some value there."

Disclosure:

Disclosure information for Cunningham was not available.

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