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What Investors Should Watch Next Week: Strategists

Peter Andersen, portfolio manager at Congress Asset Management Company, and Peter Costa, president of Empire Executions, shared their insights on where to invest in a low volume environment and what to watch next week.

Andersen Recommends:

Lowe’s —“[It’s] a nice play on the recovering homeowner and recently it disappointed in earnings and traded down 10 percent—that’s some good volatility to get into,” Andersen told CNBC.

“This might be a good entry to point. There’s still some room to run, compared to companies like Home Depot.”

He also likes Symantec

Costa Recommends:

Ben Franklin Resources —“It’s a money management firm,” said Costa.

“They did fairly well in the financial crisis. They were well-positioned, and have good cash flow. Their P/E was a little high, but in the long-term, they’ll do very well. There’s a lot of room on the upside.”

“Also, there’s going to be some consolidation in the industry and the company will be the acquirer, not the acquiree,” he said.

More Investing Intelligence:

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Disclosures:

Andersen’s firm owns shares of Lowe’s.

Costa does not own shares of Franklin Resources and neither does his firm.

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CNBC Slideshows:

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Disclaimer

Symbol
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BEN
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HD
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LOW
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SYMC
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