- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Surprising Options Trades in TiVo Shares
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
MOST SHARED
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Tiger Woods Out of Hospital After Accident
RSS FEED
CNBC Stock Blog
Text Size 
Short-term, buy commodities; but hold those financials for a fourth-quarter recovery. So says King Lip, portfolio manager at Baker Avenue Asset Management.
He explained his investment strategy to CNBC -- and offered his top stock picks.
Basic materials -- especially oil prices -- have slipped; and the U.S. dollar has strengthened. But that's precisely where Lip sees the opportunity.
"Whenever you have such a strong sector pulling back so sharply, you usually get a pretty nice...technical rebound," he said.
Recommendations:
Lip is buying Alpha Natural Resources [ANR
Loading...
()
] and Arch Coal [ACI
Loading...
()
] -- for the short term.
But he says the U.S. economy will slowly but surely rebound. So he advises investors to hold on to Bank of America [BAC
Loading...
()
], JPMorgan [JPM
Loading...
()
], "the Citigroups of the world," and even Merrill Lynch [MER
Loading...
()
].
Disclosures:
Disclosure information was not available for Lip or his company and fund.
Data is a real-time snapshot *Data is delayed at least 15 minutes