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Stocks Picks: Industrials, Russian Telecom & More

Despite a slew of disappointing economic news, the Dow, Nasdaq and S&P opened the trading week with slight gains, and CNBC asked the experts how to play the markets now.

FindingFund Gems

“This [Diamond Hill Large Cap Fund] is another fund that’s flying under the radar. It’s got 500 million in assets and really for a large cap fund that’s really small… It’s in the top 10 percent of its category for the 1, 3 and 5-years.”

- Karen Dolan, Morningstar director of fund analysis

Dolan also recommends: Keeley Mid Cap Value Fund, Schneider Small Cap Value Fund

Bullish on Southwest

“We really like Southwest Airlines. Energy is not what’s going to drive Southwest Airlines. They have the best balance sheet in the business right now. $3 billion in cash. And they are going to be the clear beneficiary of the Delta Air LinesNorthwest [Airlines]merger and the capacity that’s coming out of the airline space right now.”

- Don Wordell, Ridgeworth Capital Management

Going Industrial

“Our favorite stock by far is Eaton at this point, which is showing very strong earnings growth through the cycle with the truck sector, which is known for only 20 percent in the company in the tank and autos. This stock is very reasonably priced, in the high ‘80s.”

- Eli Lustgarten, Longbow Research

Lustgarten also recommends: Kennametal and Parker Hannifin

Playing Russian Telecom

“One of our favorites is a Russian telecom company called MBT [Mobile Telesystems] , and they are the largest, mobile telecommunications provider in Russia and Eastern Europe. This in area where you have a very strong emerging consumer in Russia. Russia is actually supposed to have one of the best GDP growths outside the U.S. in the next couple of years. And they want their cell phones.”

- Jill Evans, Alpine Dynamic Dividend Fund

Evans also recommends: Southern Copper and Meridian Bioscience .

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