- Five Stock Picks for This Market
- Weak Dollar Means Gold at $1,040: Strategist
- Art Cashin Sees 11% Unemployment, Market 'Stagnation'
- Najarian: Options Bet on July Akamai Pop
- London Mover: LSE Group
- Oil Outlook for the Second Half
- Stock Strategies for the '7th Inning'
- Options Suddenly Love Chip Equipment Maker
- Art Cashin: Why Stocks Will Rally This Week
- London Movers: Taylor Wimpey, Man
|
CNBC'S MOST SHARED
- Market 360: The Week's Best & Worst
- Fireworks At Pharma's Market
- Value of Warren Buffett's Annual Gift to Gates Foundation Falls Along With Berkshire's Stock
- Michael Jackson: The Music And The Money
- Five Stock Picks for This Market
- Realities of the New Obama Refis
- Weak Dollar Means Gold at $1,040: Strategist
- Court Ruling Could Mean Trouble for TiVo
- Lance, Please Back Out Of Tour
- UBS Says It Stays Committed to US Brokerage
- Plan to Sell General Motors' Assets Is Approved
- China Launches Major Step to Yuan Internationalization
- China Says 140 Die in Rioting
- Obama's Russia Visit to Bring Over $1.5 Billion in Deals
- UK Spy Chief's Wife Posts Life on Facebook
- BOJ Shirakawa: Japan Corporate Finance Still Tight
- Alcoa to Post Loss — What Does This Mean?
- Biden: 'We Misread How Bad The Economy Was'
RSS FEED
Text Size 
In the grip of a bear market, in the throes of recession, what's the best course of action for an investor? Morningstar's Bill Bergman says it's the best time to buy.
"Historically, it's proven to work, and it makes sense," the stock strategist told CNBC. "During recessions, we have a great deal of productivity improvement, and looking backward, it certainly proved to be a good strategy."
Recommendations:
Even for a contrarian, Lowe's [LOW
Loading...
()
] might seem to be an unusual top pick.
"It's squarely in the middle of the cross-hairs," he admitted. "We have a difficult economy -- I don't want to understate that -- but Lowe's is a great operator, committed to customer service, and someone who's going to benefit in the long run from the shakeout that's happening in housing right now."
________________________________
Another "Buy" opinion:
________________________________
Bergman says his firm favors so-called "wide-moat companies," companies with durable competitive advantages that endure during recessions and are positioned to flourish after they are over.
Companies like Fastenal [FAST
Loading...
()
].
"It's actually near an all-time high, but we still think it's a buy," he said. "It's a company that actually grows during recessions, an industrial supplies distributor that's sensitive to housing and to the conditions in manufacturing."
Also on his list is payroll, human resource and benefits provider Paychex [PAYX
Loading...
()
].
Disclosures:
Bill Bergman owns shares of Lowe's and Fastenal.
Data is a real-time snapshot *Data is delayed at least 15 minutes