Stock Picks: Big Names, Strong Balance Sheets Are Cheap

To give investors an edge in this volatile market environment, CNBC asked the pros for their best trades now.

The Friday Trade

General Electric ] "Obviously, they're getting hit because there are certain things in their portfolio that aren't that profitable at the moment, but it's still a great company, with a broad mix...They're well positioned for two years, three years, and four years down the road."

- Peter Costa, Eckhart & Co.

Costa also likes: General Dynamics and Goldman Sachs .

GE is the parent company of CNBC.

Bullet-Proof Balance Sheets

"In the tech sector, two companies we bought were Oracle and Automatic Data Processing ...In the pharmaceutical area, we bought Novartis , and we have a little company nobody ever heard of, but keeps growing double digits, called Endo Pharma (Pharmaceuticals Holdings) ."

- Scott Black, Delphi Management President

Going for Global Value

"Pepsi  is the type of stock as a dividend investor you really liked but you were never able to buy at sort of reasonably attractive levels."

- Wouter Weijand, Fortis Investments

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