- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- 10 Stock Picks for This 'Gradual Recovery'
- Recovery's Real Shape? Not a W: Stock Picker
- Market Direction into 2010 Depends on This: Analysts
- Prep Your Portfolio for Next Week: Stock Pickers
- Art Cashin: Why Markets Face 'Enormous' 1-Day Swings
- India or China: Which Is the Better Place to Invest?
- What Traders Expect From This Bank Stock
- Gold Is a Bad Inflation Hedge—Like Oil: Stock Picker
MOST SHARED
- Today's Market Action
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Israel Going Green
- China's Role as Lender Alters Dynamics for United States
- Inside Wal-Mart's Acai Berry Juice Maker
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- Low Interest Rate Investing
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- First Time Buyers Rescue Housing: Realtors
- Dollar General Trades Higher After Its IPO
- White House Plans to Freeze Spending to Cut Deficit
- Week Ahead: Investors Go for Quality, Assess Recovery
- Hedge Fund Billionaire Paulson Reports New Citi Stake
- Cramer: 5 Earnings Reports to Watch Next Week
- Court Rejects 'Clawbacks' for Alleged Stanford Victims
- Cities With the Most Home Price Reductions
- Tax Credit Sparking First-Time Home Sales: Realtors
- Investors Cut Back US Stocks for Bigger Growth Abroad
- This Year's Biggest Thanksgiving Leftover: Cash
RSS FEED
CNBC Stock Blog
Text Size 
It may be time to stop going offshore, but where are the opportunities in America?
"The emerging markets are slowing down," Noah Blackstein of Dynamic Mutual Funds told CNBC.
"Everyone here keeps talking about the strong growth in China and India, but...those stock markets...India's down 40-plus percent this year, China's down 60 off the high, so I think those markets are slowing down," he said. "The key to the market is oil prices...it's very difficult to see the market growing with $145 oil."
Recommendations:
But Blackstein still sees an upside in technology stocks.
"I think there's some secular growth in technology," he said. "Google [GOOG
Loading...
()
] is obviously one; the closing of the DoubleClick acquisition...obviously doubles their market potential."
There's another tech stock that he likes even more.
"I like Apple [AAPL
Loading...
()
] here a lot," he said. "Apple really got hammered here in January; it's come back to the $170 mark, and I think you're just gearing up for this next platform, this next leg of growth, really globally with the iPhone."
Disclosure:
Blackstein owns shares of Google; disclosure information about Apple was not immediately available.
Data is a real-time snapshot *Data is delayed at least 15 minutes