- 8 Stocks to Gain on Obama's Afghan Plan: Analysts
- Stick with Equities—Avoid Emerging Markets: Laszlo Birinyi
- I'm 'Extremely Bullish' on the Credit Markets: 5-Star Manager
- GE-Vivendi Deal Good for GE Finance, Comcast: Market Pro
- How Long Will This Health Care Firm's Rally Last?
- Dubai a 'Wake Up Call'—Expect Volatility Now: Market Pro
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Best Online Retailers to Buy Now: Internet Analyst
- Dubai Fear is 'Noise'—Stay Fully Invested: Strategist
- BofA On Proposed Changes In The Housing Bailout Program
- The Future of The Media Landscape
- November Auto Sales Muddle Along
- Busch: What Obama Won't Say Tonight
- Stick with Equities—Avoid Emerging Markets: Laszlo Birinyi
- Pfizer Chomps On A Carrot
- Predictions 2010: Technology
- Predictions 2010: Consumers
- Predictions 2010: The Big Picture
- Who Were the Biggest Winners And Losers This Year?
- GE, Comcast Complete Deal Over NBC Universal: Source
- US May Raise Rates Before Jobs Recover: Fed's Plosser
- Stocks Likely Don't Need Santa to Keep Rally Going
- Larry Kudlow's Open Letter to Tiger Woods
- AIG Slashes US Debt Under Deal With New York Fed
- Seamstress Fined $5.7 Million for Insider Trading
- Super Fantasy Christmas Gifts of 2009
- Commercial Property Fears Are Overblown: Zell, LeFrak
RSS FEED
CNBC Stock Blog
Text Size 
The week was a mixed bag of economic and market news, most of it on the negative side. Oil prices continued to hit record highs, the market officially entered bear territory and the European Central Bank socked it to the U.S. by raising rates a quarter-point. Despite all of this, CNBC guests found bright spots in steel, financials, tech and international stocks.
Monday:
Monday ended the market’s worst monthly decline in nearly six years, with financials leading the plummet. Shares of Lehman Brothers [LEH
Loading...
()
] tumbled more than 10 percent on speculation that the bank could be forced to sell itself. Oil prices topped $143 a barrel for the first time.
Mark Parr, of Keybanc Capital Markets, said steel stocks are a very fertile place for solid capital gains over the next 12 months. He liked U.S. Steel [X
Loading...
()
], Nucor [NUE
Loading...
()
], Steel Dynamics [STLD
Loading...
()
], Reliance Steel [RS
Loading...
()
] and Olympic Steel [ZEUS
Loading...
()
].
 |
Richard Drew / AP Traders work on the floor of the New York Stock Exchange. |
], a leading independent portal in India, which he thinks could be an attractive acquisition opportunity for a larger media company looking to gain some share in the Indian market. He also likes SourceForge [LNUX
Loading...
()
], which operates a network of media Web sites.Scott Kessler, of Standard & Poor’s, said there is value in large-cap tech stocks. He liked EMC Corp. [EMC
Loading...
()
], Hewlett-Packard [HPQ
Loading...
()
], IBM [IBM
Loading...
()
] and Oracle [ORCL
Loading...
()
].
Tuesday:
Stocks made their third quarter debut with modest gains. GM’s [GM
Loading...
()
]sales fell 8.3 percent in June, but that was much better than the 19 percent drop the Street was expecting. The Institute for Supply Management's June manufacturing index popped above the key 50 mark, which indicates growth.
Randy Bateman, of Huntington Funds, said regional banks could be the leaders of a market recovery. One regional bank he likes is Cullen/Frost Bankers [CFR
Loading...
()
]. He also recommended GPS-maker Trimble Navigation [TRMB
Loading...
()
].
Scott Snyder, of Icon International Funds, pointed overseas to Petrobras [PBR
Loading...
()
], Allianz SE [AZ
Loading...
()
] and K+S AG [SDF
Loading...
()
].
Dan Genter, of RNC Genter Capital Management, recommended bottom fishing in the financial sector. He liked JPMorgan [JPM
Loading...
()
], US Bancorp [USB
Loading...
()
] and Lincoln National [LNC
Loading...
()
].
Wednesday:
Oil prices and GM shares helped drag the market into bear territory. The ADP employment report showed a loss of 79,000 private-sector jobs in June. The Mortgage Bankers Associates says applications for new home loans rose 3.6 percent last week.
Joe Rodriguez, of the AIM Global Real Estate Fund, shared his favorite global real estate plays. Among his favorites were SL Green Realty [SLG
Loading...
()
], Simon Property Group [SPG
Loading...
()
], Equity Residential [EQR
Loading...
()
] and Essex Property Trust [ESS
Loading...
()
].
Brent Wilsey, of Wilsey Asset Management, went with feel-good stock picks. His favorites were Regis Corp. [RGS
Loading...
()
], Cynosure [CYNO
Loading...
()
], USANA Health Sciences [USNA
Loading...
()
], Palomar Medical Tech. [PMTI
Loading...
()
] and Life Time Fitness [LTM
Loading...
()
].
Paul Noglows, of Lazard Capital Markets, recommended Bare Escentuals [BARE
Loading...
()
], Intuitive Surgical [ISRG
Loading...
()
], Seaspan [SSW
Loading...
()
] and gaming company Activision [ATVI
Loading...
()
], which he said will form a digital media powerhouse after its pending merger with Vivendi’s gaming unit.
Thursday:
The European Central Bank raised its key monetary policy rate by a quarter point to fight rising inflation. The Labor Department said U.S. employers cut 62,000 jobs from nonfarm payrolls in June.
William Fries, of Thornburg Investment Management, pointed overseas to Telefonica SA [TEF
Loading...
()
], Canadian Natural Resources [CNQ
Loading...
()
] and SAP AG [SAP
Loading...
()
].
Warren Meyers, of Walter J. Dowd, said he likes tech in this market environment. He recommended buying IBM [IBM
Loading...
()
] on a dip.
Data is a real-time snapshot *Data is delayed at least 15 minutes