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Current DateTime: 11:53:24 27 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Nov.11
12:13 PM ET
Tuesday, 11 Nov 2008
Stock Picker: 'Now Is the Time' to Shop Fire Sales

Pessimists look at the market and see the glass more than half empty.  Jeff Auxier of Auxier Asset Management sees quality stocks selling at fire-sale prices.

"What we try to do is, identify the businesses we really want to own," he told CNBC.  "This is the time to identify the greatest companies, high-quality businesses that are always too expensive, and when everybody's fearful, now is the time."

Recommendations:

Auxier's list includes Walmart [WMT  Loading...      ()   ], McDonald's [MCD  Loading...      ()   ], Philip Morris International [PM  Loading...      ()   ], and Kroger [KR  Loading...      ()   ].

Predictability is also a key component of stocks that Auxier now finds attractive.

In that category he includes Paychex [PAYX  Loading...      ()   ] and Automatic Data Processing [ADP  Loading...      ()   ].

Disclosures:

Disclosure information for Jeff Auxier was not immediately available.

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© 2009 CNBC.com

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