CNBC Stock Blog
- Dubai a 'Wake Up Call'—Expect Volatility Now: Market Pro
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Best Online Retailers to Buy Now: Internet Analyst
- Dubai Fear is 'Noise'—Stay Fully Invested: Strategist
- Buy or Hold: Analyst Rates 10 Retail Stocks
- My Commodities Outlook after Dubai: Dennis Gartman
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
MOST SHARED
- Timeless and Time-Tested Warren Buffett Watch Predictions
- Dubai World Set to Restructure About $26 Billion of Total Debt
- Should Homeowners Be Able To Walk Away From Mortgage?
- Dubai Markets Open Sharply Lower for Second Day
- Good Sign for the Economy: 'Greed' Makes a Comeback
- Goldman Sachs Party Ban: No Gatherings of 12 or More
- Nov. 30: Unusual Volume Leaders
- Notre Dame Fires Charlie Weis After 5 Seasons
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Oil Demand Sees Year-Over-Year Rise, First Since 2007
- Treasury Threatens Banks, Not Borrowers
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Nov. 30: Unusual Volume Leaders
- Why Careful Shoppers Are Great for the Box Office
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Best Online Retailers to Buy Now: Internet Analyst
- ESPN The Magazine’s Body Issue: A Financial Success
- Cyber Monday: The Last Vestige of Dotcom Hype
- GE, Vivendi Agree to Value NBCU Stake at $5.8 Billion
- Tuesday's ISM in Focus as Bulls Call for Turn in Dollar
- Dubai Markets Open Sharply Lower for Second Day
- Dubai World to Restructure About $26 Billion of Debt
- Cramer: Dubai Can’t Sink These 6 Dividend Stocks
- White House to Crank Up Pressure on Mortgage Industry
- Treasury Threatens Banks, Not Borrowers
- Good Sign for the Economy: 'Greed' Makes a Comeback
- The World's Biggest Debtor Nations
RSS FEED
Text Size 
CNBC News Associate
Doug De Groote, managing director of United Wealth Management, and Michelle Picard, managing director of the Highmark Geneva Growth Fund, told CNBC where investors should be putting their money now.
“We’re facing a lot of strong headwinds than we have before,” De Groote told CNBC. “The increase in cost of capital and personal savings rate will adversely affect corporate earnings—and earnings are going to drive the stock market. Having a lot of money on the sideline helps stock prices in the short term, but not in the long term.”
In the meantime, Picard said she feels bullish about the market, saying she expects the S&P to reach 1,100 by the end of the year. She said the technology sector looks especially attractive.
“[Technology companies] didn’t see the same type of overspending that we saw in the last cycle,” said Picard. "When you look at the sector, it’s trading at a discount to the overall S&P valuation so right now, these tech names look attractive on a valuation basis. I also think there’s some pent-up demand yet to come. A lot of companies were saying they are pushing back spending on technology. So I think we’ll see additional spending in the second half of the year.”
De Groote and Picard recommended the following stocks and sectors to investors:
De Groote Likes:
Technology
Health Care
Energy
Basic Materials
Picard Likes:
Technology
Health Care
Ansys [ANSS
Loading...
()
]
Stericycle [SRCL
Loading...
()
]
Disclosure:
No immediate information was available for Groote or Picard.
______________________________
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes