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Jun.12
12:04 PM ET
Thursday, 12 Jun 2008
Stock Picks: Liking Stocks—Just Not Lehman

Barry Ritholtz has had a "sell" on Lehman Brothers [LEH  Loading...      ()   ] for several months.  The latest management turmoil just confirms his view.

"We think there's no reason to be in the banks or the brokers," the Fusion IQ chief executive told CNBC.  "We think it's an 'avoid,' and there's no reason to try and catch the falling anvil."

But he's not down on stocks, not by a long shot.

Recommendations:

"There's plenty of opportunity now," he said.  "We continue to like energy, and that includes companies like Arch Coal [ACI  Loading...      ()   ] and Swift Energy [SFY  Loading...      ()   ], and...the enterprise software group has done very, very well:  Look at Oracle [ORCL  Loading...      ()   ], look at Sybase [SY  Loading...      ()   ]...BMC (Software) [BMC  Loading...      ()   ] also looks interesting."

Disclosures:

Disclosure information for Barry Ritholtz was not immediately available.

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