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What Stocks to Buy After Fed's Rate Decision

Natalie Erlich,|News Associate
Tuesday, 5 Aug 2008 | 4:02 PM ET

As the Fed kept the key interest rate steady, CNBC asked the experts where to find opportunity in the marketplace.

Stocks & the Fed
Now that the Fed's rate decision is made, a look at where you should be putting your money, with Frank Holmes, of U.S. Global Investors, and Michael Cuggino, of the Permanent Portfolio Funds

Bargain Hunting

“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

Market Breakdown
Breaking down today's market action, with Zachary Karabell, of River Twice Research, and Markus Schomer, of AIG Investments

Considering Financials

“I think for stock pickers, this is a great time to pick financials that are in better shape.”

- Markus Schomer, AIG Investments

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