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Jim Hardesty sees the glass more than half full. The president, market strategist and chief economist of Hardesty Capital Management expects recovery -- and he has a few carefully-chosen names for stock investors to consider.
"I think we saw the lows on July 15," he told CNBC. "With the dollar strengthening, oil prices coming down, I think the fundamentals are in place for a decent recovery for the balance of this year."
Recommendations:
(Click on tickers for latest company news)
So where should that point investors?
Hardesty likes appliance company Whirlpool [WHR
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], toolmaker Black & Decker [BDK
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], medical device producer Stryker [SYK
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], and pharmaceutical giants Bristol-Myers Squibb [BMY
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] and Merck [MRK
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].
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More Investor Tips:
- CNBC Video: The Best Commodity Bet Now
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Disclosures:
Disclosure information for Jim Hardesty was not immediately available.
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