As stocks slid following renewed worries about Lehman Brothers Tuesday, CNBC asked the experts where to put your money now.
“Innovation is definitely not over for Apple . The phone market is ten times the size of the PC market and fives times the size of the MP3 market.”
- Mike Abramsky, RBC Capital Markets
Dialing Into Telecom
“I believe that most families are going to be unwilling to give up their cell phones or Internet connections if things really get hairy in the economy. And I think the cash flow for Comcast , Verizon and AT&T are going to hold up pretty well.”
- Charlie Smith, Fort Pitt Capital Group
Betting On Regional Banks
“I think there’s plenty of opportunity with the volatility in the financial market that I’d be more inclined to bet on a specific bank than on the outcome of Fannie [Mae] and Freddie [Mae] .”
- Collyn Gilbert, Stifel Nicolaus & Co.
Gilbert likes: M&T Bank and People's United .
Bullish on Aspen
“What’s really interesting about Aspen [Technology] is they provide software and services to process industries, so all the major global oil and gas, chemical, pharmaceutical and engineering firms that build their plants buy Aspen’s products. Aspen has a very dominant market position. The company has a strong new product cycle and their customers are just flushed with cash right now.”
- Jason Ronovech, Paradigm Value Fund
Ronovech also recommends: Volcom IncorporatedMore On Apple: