- Great Companies Come at Fair Prices
- Options Trading: One Airline Stock May Zoom
- Rally May Take Dow Back to 12,000: Investor

- Hot Options Trading: What It Says for SanDisk
- Stock Picker: My Best Contrarian Play

- Stock Picker: No Place Like Home (Builders)

- Najarian on Options: A Bullish Move on BP
- Stock Picker: Ride the Bat Out Of Hell

- Holland's Bear Advice: Buy the Survivors

- Analyst Picks: Three Resilient Retailers

- Pfizer's Statin Study: What An Email Response!
- PGA Spokesman: Sponsors Believe In Us For Long Term
- Kilduff: Expect Rebound In Oil Prices Early 2009
- How to Move Forward After a Layoff, Part 2
- Jobs Numbers: Breakdown by Sector
- Congress And Automakers: Long And Difficult "Marriage" Ahead
- Great Companies Come at Fair Prices
- Yoshikami: Investing & the Obama Presidency
- Wall of Shame: Fortress Investment's Wes Edens
- Plunging Yields Take Shine Off Treasurys
- Job Losses Hit 533,000 Last Month, Worst in 34 Years
- Citigroup Sells German Arm for $6.7 Billion
- Charts Predict S&P Festive Rally Above 1,000
- BMW's Global Sales Plunge by a Quarter in Nov.
- What the Pros Say: S&P May Fall to 700
- Bleak Jobs Data Forecasts Add to Automakers' Woes
- Euro Shares Sink after Grim US Jobs Data
- European Stocks to Open Sharply Lower
To beat back the bears, Charles Norton goes with value.
The co-portfolio manager of the Vice Fund has found a couple of opportunities for investors among well-known but out-of-favor companies.
Recommendations:
His first pick is Philip Morris International [PM
Loading...
()
].
"Demand for cigarettes is global, and it's not economically sensitive," he told CNBC. "Philip Morris International (is) benefiting from a strong international operating environment; they have broad geographic diversification, with no U.S. exposure; they have a best-of-class management team."
Norton points to the company's stock-buyback program, totaling $13 billion over the next couple of years.
Among tobacco companies, Lorillard [LO
Loading...
()
] is also on his list.
On a different tack, he also likes Boeing [BA
Loading...
()
], which has plunged more than 25 percent in the last seven weeks.
"With high fuel costs, investors have basically hit the panic button on anything related to aerospace," he said. "Boeing is trading as if 30 percent of its backlog is going to get canceled, and I think that's just too bearish...the worst-case scenario is already priced into the stock."
Disclosures:
Disclosure information for Charles Norton was not immediately available.




