CNBC Stock Blog
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
- 3 Software Stock Picks from Lazard's Senior Analyst
- Investors Bet on a New Year's Rally For eBay
- Why You Should Play the Reflation Trade: Stock Picker
MOST SHARED
- The Executive Job Search
- Chinese Overcapacity is Worsening, EU Chamber Warns
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Judge Erases Couple's $525,000 Mortgage Payment
- Salvation Army's Kettles Now Credit Card-Ready
- Topless Business Is Taking Off
- Wal-Mart Price Pressure Hurts China Workers: Report
- Black Friday: Bargain or Bust?
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Share Trading on London Stock Exchange Frozen
- Fannie Mae to Tighten Lending Standards: Report
- China Overcapacity Worsening, EU Chamber Warns
- Investing in Good Karma – and Making a Profit
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Wal-Mart Price Pressure Hurts China Workers: Report
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Where Do Pardoned Turkeys Go?
RSS FEED
Text Size 
CNBC News Associate
The U.S. dollar has been edging lower against a basket of currencies as gains in global stock markets reduced the greenback's appeal as a safe haven. Eric Schoenstein, co-portfolio manager of Jensen Portfolio and Sam Stovall, chief investment strategist at Standard & Poor’s shared how investors can take advantage of the weaker dollar.
“I think [investors should be happy] about the weaker dollar because more and more of the revenues of the companies in the S&P 500 comes from overseas operations,” Stovall told CNBC. “That would translate to better earnings and right now, we need an improvement in earnings, not only from cost cutting but also from topline growth.”
Stovall said he expects an improvement in overall GDP expectations based on the 'Cash for Clunkers' program, more stimulus taking affect, and the continuing weaker dollar.
“We’re going to have irregular growth over the next several quarters,” he said. “It will be more like a ping pong ball bouncing on a table rather than being a pronounced W-[shape].”
In the meantime, Schoenstein said companies that have businesses overseas have the ability to be able to perform in any environment.
“So if the weaker dollar is present they can get the overseas revenue, and they have the diversity when the dollar is stronger to get it locally as well,” he said.
Schoenstein said he doesn’t see a double dip coming for the markets and told investors to focus on quality, growth companies with strong balance sheets, dominant market positions and global reach.
“A probability of a double dip is a 25 percent or less,” he said. “It’s more about whether or not we have a pause in the recovery rather than an actual double dip. And a pause will allow companies with global franchises to take advantage of opportunities.”
Schoenstein Likes:
Colgate-Palmolive [CL
Loading...
()
]
Abbott Labs [ABT
Loading...
()
]
Emerson Electric [EMR
Loading...
()
]
Oracle [ORCL
Loading...
()
]
______________________________
Disclosure:
Schoenstein owns shares of CL, ABT, EMR and ORCL.
No immediate information was available for Stovall or his firm.
______________________________
CNBC Slideshows:
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes