Midday Stock Chatter: Brazil and Consumables
Overseas opportunities and recession proof consumer stocks were big in the stock chatter on CNBC Friday.
Eric Schoenstein of Jensen Investment Management has a couple of suggestions for investors worried about a slowing economy. He pointed to Pepsi-Cola (preferring it over its arch-rival, Coca-Cola ). He also touted medical device maker Stryker .
Emerging market expert David Riedel thinks "Brazil is unique in the ability to fund itself, feed itself, and fuel itself," the emerging markets analyst told CNBC. "Talk about available land and water? Brazil's got plenty of both. Talk about commodity plays...? Brazil's got plenty of iron ore, plenty of gas, plenty of oil."
He recommended Petrobras , "the big oil company that seems to find new oil every time it turns around."
Technicians appearing on the network were also drawing attention to moves in the financial sector and in the transport sector .
(To see their discussion, click here)