David Lutz, managing director at Stiefel Nicolaus Capital Markets, and Jim Iuorio, director at TJM Institutional Services, weighed in on the best places to invest now.
Strayer Education —“They’re less exposed to Washington, related risks and they have the best-perceived management by the street,” Lutz told CNBC.
Gap —“The economic contraction is in place, with consumers seeking out lower prices,” he said. “Gap’s Old Navy division has excellent leverage: it’s a low cost provider of appealing apparel for the whole family.”
iShares MSCI Canada Index —“They have a lot of exposure to commodities, a little bit of technologies and some banks,” said Iuorio.
Mosaic—Iuorio said China has been stockpiling copper, iron ore and oil, and the next likely move is going to be agriculture commodities. “The fertilizer companies are going to be the ones that benefit,” he said.
Lutz’s firm own shares and may be an investment banking client of STRA, GPS and JCG.
No immediate information was available for Iuorio.