GO
Loading...

Prepping Your Portfolio For Next Week's Earnings

Friday, 16 Oct 2009 | 3:05 PM ET

The positive tone set by this week's earnings reports will likely shift toward mediocrity in the upcoming week, especially regarding firms that rely on consumer spending, said Charlie Smith, CIO of Fort Pitt Capital Group, and Alan Valdes, vice president of Kabrik Trading.

The Friday Trade
Alan Valdes, of Kabrik Trading, and Charles Smith, of Fort Pitt Capital Group, share their best Friday trades.

Though Valdes said these consumer-based companies will likely post better results than one year ago, they'll probably follow Johnson & Johnson 's lead and show a decline in sales revenue.

"That's really concerning us," he said.

Smith said his firm is still heavily invested in telecom and cable, adding that he thinks Comcast will greatly benefit if the dealfor NBC Universal goes through.

More Market Intelligence:

But even if the deal doesn't materialize, he said he would still buy into the company.

"Comcast is going to be generating a whole lot of cash the next year or so, and a lot of it's going to be coming back to the shareholder," Smith said.

Smith Also Likes:

Sandisk

Loews

______________________________
CNBC Data Pages:

______________________________
CNBC Slideshows:

______________________________

______________________________
Disclosures:

Disclosure information was not available for Smith, Valdes or their firms.

______________________________

Disclaimer

  Price   Change %Change
TECHNOLOGY
---
CMCSA
---
JNJ
---
L
---
SNDK
---

Featured