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There’s Still Room to Buy Stocks: Barton Biggs

This is not a bear market rally but a cyclical bull market, said Barton Biggs, managing partner at Traxis Partners.

“I don’t think it’s too late [to get into the market],” Biggs told CNBC. “We’re about half or 60 percent of the way through the upside.”

“So we’ve still got significant room on the upside,” he said.

His Sector Recommendations:

Oil Services

Technology

Pharmaceuticals

Emerging Markets — Especially Asian emerging markets. According to Biggs, “They’re going to be the first ones out of this recession.”

Disclosure:

No immediate information was available for Biggs or his firm.

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Top Oil Services Companies:

Weatherford International

Halliburton

Baker Hughes

Schlumberger Limited

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Disclaimer