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Get Out of Financials and Into These Sectors: Manager

Wednesday, 3 Jun 2009 | 11:41 AM ET

At this point, you look for any selective weakness in sectors that you want to be “long” in, advised Peter Sorrentino, senior portfolio manager of Huntington Asset Advisors. (See his recommendations, below.)

Industrial Investment Strategy in the US
â??The tide of regulation is going to be coming up against the financials,â? and therefore investing in industrials is becoming a good strategy in the US, Peter Sorrentino from Huntington Asset Advisors told CNBC Wednesday.

“The tide of regulation is going to be coming up against the financials,” Sorrentino told CNBC. Therefore, he suggested taking money out of financial stocks and investing in industrials as a market strategy.

“You’ve got a series of capital raises that are going to dilute shareholder equities that remains [in financials]. So for those names that we’ve had nice profits in, we’re looking to migrate away and get into more of an industrial recovery," he said.

He had the following recommendations for investors:

Likes:

- Industrials

- Technology

- International

- Commodities

- Energy

- Agriculture

Moving Away From:

- Blue Chips

Disclosures:

No immediate information was available for Sorrentino or his firm.

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Top Industrial Names Now:

Caterpillar

Honeywell

Deere

United Technologies

General Electric*

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* (GE is the parent company of CNBC and CNBC.com)

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Disclaimer

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