This Isn't The Bottom, But You Can Still Buy
CNBC.com Writer
Peter Eliades, analyst at Stockmarket Cycles, told CNBC that although we have not yet hit market bottom, there are still a few stocks that look "interesting."
"We’re getting close to what could be a decent buying opportunity," said Eliades. "I wouldn’t say we're there yet, but we’re getting very very close to it."
Recommendations:
Schwab—"It’s a strong man amongst weaklings... Schwab is standing strong because they play things conservatively. What I would say, though, is that it might be a decent buy over the next week or so. But in order to remain positive, I believe it has to remain over a price of $14."
Netflix —"If incomes are down, people are out of work and there’s only a few entertainment sources that they can participate in the home and one of them is Netflix. I would say that I find Netflix interesting around $19.50 to $20, but I would not want to be a holder of it under $18."
Disclosure:
No immediate information was available for Eliades or his firm.
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