- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- 10 Stock Picks for This 'Gradual Recovery'
- Recovery's Real Shape? Not a W: Stock Picker
- Market Direction into 2010 Depends on This: Analysts
- Prep Your Portfolio for Next Week: Stock Pickers
- Art Cashin: Why Markets Face 'Enormous' 1-Day Swings
- India or China: Which Is the Better Place to Invest?
- What Traders Expect From This Bank Stock
- Gold Is a Bad Inflation Hedge—Like Oil: Stock Picker
MOST SHARED
- U.S. May Wind Up Green With Envy
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- Japan Third Quarter GDP Jumps; 2010 Growth May Slow
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- Taking a Page from Obama's Asia Agenda in Investing
- The Cost of Thanksgiving Dinner 2009
- EADS Cautious on Full-Year Forecast after Earnings Dip
- Stronger Yuan Needed for Global Rebalancing: IMF Chief
- Sustainability Indices Sprouting Up
- JP Morgan to Bid Over $3 Billion for Cazenove Stake
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- Cisco Ups Tandberg Bid, Claims Over 40% Backing
- 'Significant Weakness' Still Ahead: Fed's Hoenig
- BlackRock: Central Banks To Be Net Buyers of Gold
- Stronger Yuan Needed for Global Rebalancing: IMF Chief
- Washington Not Trying to Contain China: Obama
- Japan Third Quarter GDP Jumps; 2010 Growth May Slow
- Quiz: How Much Do You Know About Green?
- JP Morgan to Bid Over $3 Billion for Cazenove Stake
- Buffett: I Haven't Bought AMEX Shares in Years
RSS FEED
CNBC Stock Blog
Text Size 
There's been a seismic shift in the markets in the last few weeks. How to play this sudden new era?
Jason Trennert of Strategas Research Partners and Doug Mackay of Broadleaf Partners offered their revised sector and stock picks.
"In a deleveraging world, cash is king," Trennert told CNBC. he believes leadership is over for basic materials and energy, thanks to the solwodown in the once-hungry emerging markets.
Recommendations:
Trennert is now sector overweight on technology, citing the generally "pristine" balance sheets: low debt and lots of cash. he also likes consumer staples.
Mackay agrees on tech's ascendancy, noting that technology firms can adapt to changing market trends via "innovation" -- and aren't dependent on dried-up bank financing. He likes Google [GOOG
Loading...
()
] and Research in Motion [RIMM
Loading...
()
].
Mackay also praises health care -- naming Intuitive Surgical [ISRG
Loading...
()
] -- and consumer discretionary. The latter is poised to gain on falling oil prices, he says; he recommends Chipotle Mexican Grill [CMG
Loading...
()
], Harley Davidson [HOG
Loading...
()
] and Walt Disney [DIS
Loading...
()
].
Disclosures:
Disclosure information was not immediately available for Trennert, Mackay or their respective companies.
Data is a real-time snapshot *Data is delayed at least 15 minutes