What Stocks to Buy After Fed's Rate Decision
As the Fed kept the key interest rate steady, CNBC asked the experts where to find opportunity in the marketplace.
“These stocks like Freeport-McMoRan , U.S. Steel , I just think that they’re inexpensive on a earnings basis and they’re just being dumped because of liquidity problems in the marketplace. But, if you look at U.S. Steel, it trades at four times next year’s earnings. These are much cheaper than any financial stock that trades in the marketplace and a lot less risk.”
- Frank Holmes , U.S. Global Investors
“I think for stock pickers, this is a great time to pick financials that are in better shape.”
- Markus Schomer, AIG Investments