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Current DateTime: 06:45:08 23 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Jul.03
12:12 PM ET
Thursday, 3 Jul 2008
5-Star Stocks: Beat The Slowdown!
Posted By:CNBC.com

Five-star portfolio manager William Fries says you can make money in this global slowdown -- with the right "approach to value."

Fries is co-portfolio manager of the Thornburg International Value Fund [TGVAX  Loading...      ()   ], which is down 14 percent year-to-date -- but up nearly 140 percent over the last five years.

"There are a lot of slowdowns on the periphery of Europe," concedes Fries.

But he told CNBC that there are good Continental buys to be found, by seeking "consistent earners" that fit Thornburg's "approach to value": diversification across three types of stocks.

Recommendations:

Fries likes:

- SAP [SAP  Loading...      ()   ] in Germany

- Telefonica [TEF  Loading...      ()   ] in Spain

- and back in North America, Canadian Natural Resources [CNQ  Loading...      ()   ]

Disclosures:

Disclosure information was not immediately available for Fries or for his fund.

Disclaimer

© 2009 CNBC.com

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