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Stock Picker: Be Patient — And Look For Cash

Andrew Fisher
Thursday, 30 Oct 2008 | 10:40 AM ET

The new paradigm in stock-market investing: It's going to take some time.

Market Picks
A look at large cap plays and tech and biotech picks, with Rod Smyth, Riverfront Investment Group and Noah Blackstein, Dynamic Mutual Funds

"The waters have been parted by central banks around the world, and we can see the promised land, but we've got a desert to go through," Noah Blackstein of Dynamic Mutual Funds told CNBC. "That desert is really bad corporate earnings, over the next — at least — six months."

Recommendations:

In the meantime, Blackstein is looking at companies with a lot of cash and cheap valuations.

"You look at Apple," he said. "Of course, their guidance wasn't going to be strong, but there's a company (with) a very solid balance sheet, and longer-term growth intact."

  • MORE: Analyst Says Tech Stocks Are Recession-Proof!

Disclosures:

Disclosure information for Noah Blackstein was not immediately available.

Disclaimer

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