CNBC Stock Blog
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wave of Debt Payments Facing US Government
- HP Comes in As Expected; Is It Time to Buy?
- Why Amazon Rules Retail
- Hewlett-Packard Profit Rises, Matches Guidance
- JAL Slides to Record Low on Bankruptcy Jitters
- Prepare For Large Decline In Stocks, Next Year?
- Paul: Audit the Fed
- The Social Media Gaming Threat
- Holiday Travel Outlook
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- Obama says Boosting US Jobs is Top Priority
- More Consumers Giving 'Black Friday' the Cold Shoulder
- Prepare For Large Decline In Stocks, Next Year?
- Hewlett-Packard Earnings Rise, Match Guidance
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
- Why the Dollar Will Likely Stay Weak for Some Time
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- How Real Estate Investors Skew Housing's Reality
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