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Current DateTime: 07:22:18 14 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Oct.30
11:58 AM ET
Thursday, 30 Oct 2008
Five Stocks to Fight The Recession
Posted By:Andrew Fisher

The nation may be facing a long, deep recession, but Kiplinger's Personal Finance says some companies are positioned to survive and thrive.  The publication has singled out the stocks of five such companies.

"These are all 11-digit cash stashes," executive editor Manuel Schiffres explained to CNBC.  "At least $10 billion in cash; that's after debt."

Recommendations:

Topping the list is Exxon Mobil [XOM  Loading...      ()   ].

"Exxon's shares are off only 22 percent from their 52-week high," Schiffres pointed out.  "Exxon is a stable company, $37 billion in cash...it's very well managed."

Then there's Cisco Systems [CSCO  Loading...      ()   ], with $19 billion in cash reserves.

"Clearly, there are concerns that sales of routers and switchers will suffer in a weaker economy," he said, but added, "This is about as cheap as you can get for Cisco; one fund manager described this as 'a no-brainer.'"

Apple [AAPL  Loading...      ()   ] is another standout.

"Obviously, you know the story:  iPod, iPhone, Macs, a great innovator, tremendous earnings growth in recent years," he said.  "Apple could announce a major buyback program sometime in the next year or so."

The most controversial stock on the list could be drugmaker Pfizer [PFE  Loading...      ()   ].

"The stock has been as dull as aspirin for the last eight years," he said.  "The case for Pfizer is it's dirt-cheap...it's not going out of business...its pipeline of new drugs is probably stronger than most people give it credit for, and it could well announce another big cost-reduction program."

Rounding out the list is Google [GOOG  Loading...      ()   ].

Disclosures:

Disclosure information for Manuel Schiffres was not immediately available.

Disclaimer

© 2009 CNBC.com

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