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Prep Your Portfolio For Surprise Stock Recovery
Dan Genter thinks the markets may be bumping along the bottom until the end of this year or the beginning of 2010 — but then equities will be the place to be, and now is the time to get positioned.
"We have to look through some of the smoke and flame, the constant bombshells of bad news, and just really look at the level where this market is," the president, CEO and chief investment officer of RNC Genter Capital Management told CNBC.
He feels the framework for recovery is now being built.
"It's going to be a longer runway, but I think there's opportunity, and we have a backstop here," he said.
Recommendations:
Genter likes some big tech and pharma names: IBM [IBM
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], Intel [INTC
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], and Teva Pharmaceutical [TEVA
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].
Disclosures:
Disclosure information for Dan Genter was not immediately available.
Data is a real-time snapshot *Data is delayed at least 15 minutes
