Finding Profits in Oil Services, Home Improvement
To give investors an edge, CNBC asked the market experts where investors should be placing their bets now.
Millen also recommends: P&G and Praxair
Making Money in Oil Services
"Supply, particularly non-OPEC supply, continues to disappoint...You've still got a lot of demand for drilling, and it's going to keep oil prices high, because supply is just not there."
- Jerry Jordan, Jordan Opportunity Fund
Jordan recommends: Schlumberger and Weatherford International.
Low Down on Lowe’s
[On Lowe’s and Home Depot ] “I think that at this level, the downside in both names is probably limited and the upside over the long term, particularly 12 months, is meaningful, so you could probably own both these names.”
- Michael Lasser, Lehman Brothers
Turn To Business
“We really try to buy the business as opposed to the stock. And we’re looking for businesses that are very well run, strong financially, that have high returns that are generated through durable, competitive advantages, and have the consistency of earnings and dividend growth typically well into the future… Emerson [Electric] has about half of their sales overseas. This is a company that has increased their dividend for over 50 years in a row.”
- Robert Millen, Jensen Portfolio Fund co-portfolio manager