Stock Picks for Wild Market
In another wild day in the markets, CNBC asked the pros for their best investment advice. Here's what some of them had to say.
Betting on Natural Gas
“Natural gas is one sector that is performing right today. CHK, APA...ENR , AMSC have been showing good signs of strength. So natural gas is one place that we do see a little bit of safety.”
- John Glassman, Pacific American Securities
Building Profits in Infrastructure
"We've taken what we call a 'picks and shovels' approach. We look at the building blocks of infrastructure, and I think that starts with steel. You can't have an infrastructure project without steel that's behind it, so, for instance, U.S. Steel would be an excellent example there. You can't have an infrastructure project without cranes to build the buildings, and the roads...Manitowoc is a name there...Foster Wheeler, obviously, large, engineering-construction firm, really levered to the energy/LNG/power markets."
John Derrick, U.S. Global Investors Director of Research
Best Ideas Now
“Best idea right now would be Applied Materials . We believe there’s a tremendous growth opportunity there in the solar business…you’re going to get core strength in their core businesses as well. It’s a good valuation, good stock that we expect to do well over the next three to five years.”
Christopher Zook, CAZ Investments
Zook also likes: Procter & Gamble and Genentech
“It’s a really scary environment this morning, with all the headlines…I think you have to go with a couple of the conservative plays here, some of the defensive issues. I like tech on dips, and if you have the stomach for it, continue to play some of the commodities.”
Warren Meyers, Walter J. Dowd