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Time to Sell Energy Stocks, and Other Top Trades

Wednesday, 25 Jun 2008 | 11:41 AM ET

Ahead of the Fed's decision on Wednesday, the market pros shared stock picks with CNBC.

Grab Some Comfort Food & Get Defensive
Market strategies, with David Joy, RiverSource Investments and Sarat Sethi, Douglas C. Lane & Associates

Getting Defensive

“This is the time to start selling some of the energy.. Go after companies that have pricing power… Pricing like Dow [Chemical], pricing like Kraft, pricing like General Mills... and industrial companies that have the ability with the weakening dollar and demand from overseas.”

- Sarat Sethi, Douglas C. Lane & Associates partner & portfolio manager

Finding Value in Stocks
Current market volatility makes finding long-term value plays more difficult, with Michael Lippert, Baron's i-Opportunity Fund and CNBC's Carl Quintanilla

Picking Up Star Stocks

Equinox’s business has grown at a 30 percent rate over the last several years; we think that will continue. They generate very high margins and a lot of discretionary, free cash flow. Nextel International can be thought of as a cousin company to Nextel in the U.S., which was purchase by Sprint… They’re run by a high quality U.S. management team. Their top markets are Mexico and Brazil; those markets are less penetrated than they are up here."

- Michael Lippert, Baron I-Opportunity Fund

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DOW
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EQIX
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GILD
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MDLZ
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NIHD
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