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What Pros Like: Stock Picks for a Rocky Market

By: Natalie Erlich,, News Associate | 12 Jun 2008 | 04:04 PM ET

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Stocks had a rocky afternoon as the market lost all its initial gains, then rebounded right before the close. Here's what some of the pros were recommending for investors.

Consider Bond Insurers

"You have Ambac [ABK Loading... () ]and MBIA [MBI Loading... () ], which have lost their AAA ratings. Assured Guaranty [AGO Loading... () ] has its AAA rating, so in the future, as deals get done... [it] now is going to have a lot more market share going forward."

- Matthew Kaufler, Touchstone Value Opportunities

Energize Your Portfolio

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

- Barry Ritholtz, Fusion IQ

Outlook on Lehman

"We think Lehman [LEH Loading... () ], while significant, is probably more company-specific and a crisis of confidence with management than a significant change in fundamentals."