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Dan Genter of RNC Genter Capital Mangement believes Congress will pass a bailout package by the end of the week — but he expects the next day or two to be wildly volatile and painful. Despite this, he sees opportunities in stocks that have been unjustly beat up.
“You can look at some things in the consumer area, in the energy area, especially in the drilling area -- things like Diamond Offshore [DO
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], Chesapeake [CHK
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]."
He also sees opportunities in the healthcare sector and in financials. Names he likes are Teva Pharmaceuticals [TEVA
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], JPMorgan Chase [JPM
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] and Bank of America [BAC
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].
Disclosures:
Disclosure information was not available for Genter or his firm.
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