Stock Picker: Bottom or Bounce, It's Still a Rally
Jeffrey Saut of Raymond James says there's a chance that we've seen the bottom of this market, and he's got some selections for investors as stocks improve.
"The (Standard & Poor's 500) low that we made at 666, whether it turns out to be a rally in a bear market or the start of a new secular uptrend remains to be seen, but I think you're going to get a rally off that undercut low," he told CNBC. "I do think there's a 50-50 chance that you've put in the low."
His list of recommendations includes Intel, MasterCard, and Amazon.com.
- Video: Watch the Full Saut Interview
Disclosure information for Jeffrey Saut was not immediately available.