How to Play a Bottom -- or a Bear (Pt. 2)
RNC Genter Capital Management's Dan Genter thinks the market has found a bottom. Dave Rovelli of Canaccord Adams isn't so sure. But both men have some ideas for investors about where to go from here.
Rovelli says Thursday morning's report on higher-than-expected initial claims for unemployment benefits was "a disaster," tying the hands of Federal Reserve policymakers who cannot now raise interest rates to counter inflation.
Rovelli's one recommendation is in the field of alternative energy.
"First Solar: Great earnings -- they beat on the top line and the bottom line -- we love this stock," he said.
Genter has far more ideas for investors than Rovelli. "In the techs...I'd stay more in the semis, and look...at Intel or an Analog Devices type of issue."
Disclosure information for Dan Genter and Dave Rovelli was not immediately available.