Buy Financial and Energy Stocks: Strategist
Dan Genter, CIO at RNC Genter Capital Management, told CNBC that it is a good time for investors to put their money into the energy and financial sectors.
“I think if people start to put some free cash in—maybe a third now, a third in December as we’re going to see some tax-selling, and a third in January as people wrestle with fourth quarter earnings,” said Genter.
“From a macro standpoint, I’d really be focused on areas where I’m not going to have dead money while I wait for this recovery," he said. "That’s going to be in the high-dividend stocks.” (Watch the video for the full interview with Genter and other market watchers.)
Genter's Financial Stock Recommendations:
Bank of America
“I think some of the big banks are very very strong,” said Genter.
No immediate disclosure information was available for Dan Genter or his firm.
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