CNBC Stock Blog
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Surprising Options Trades in TiVo Shares
- 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
MOST SHARED
- Tiger Woods Out of Hospital After Accident
- The Good Entrepreneur Winner
- Gold Will Collapse Like Oil Did in 2008: Charts
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Tiger Woods Out of Hospital After Accident
RSS FEED
Text Size 
CNBC News Associate
Stocks retreated on Tuesday after several earnings reports beat expectations but economic numbers missed their targets. What should investors expect going forward into 2010?
Dan Chung, CEO and CIO of Fred Alger Management, shared his insights.
“We get a consolidation of the rally here in the U.S. in 2010 and towards the end of the year, we have an opportunity for further gains into 2011,” Chung told CNBC.
“I think it’s going to be trading in a range next year, so there will be little dips and little rises, but overall we’ll avoid any dramatic selloff we’ve had recently.”
CNBC Data Pages:
Chung said he is bullish for the rest of 2009 and advised investors to have an allocation in international stocks, but also focus on U.S. companies that are performing well overseas.
Additionally, Chung said he expects an uptick in M&A activity going forward.
More Market Intelligence:
- Commodities Rally Has More Room to Run: Market Pros
- This 'V-Shaped' Recovery is Unsustainable: Chief Investor
- 'Melt-Up' Coming for Stock Markets: Strategist
“We’ve seen a record amount of M&A activity in health care this year, even ahead of legislation, and also in technology,” he said.
“Large companies have been pushed out of the M&A market by private equity in the past years. Private equity now no longer has access to easy financing so we’re seeing cash rich, well financed big companies going after high growth specialized providers who can offer them accelerated growth entry into new markets.”
Chung's Picks:
Skyworks Solutions [SWKS
Loading...
()
]
Starent Networks [STAR
Loading...
()
]
Opentable [OPEN
Loading...
()
]
Yum Brands [YUM
Loading...
()
]
China Resources Enterprises
______________________________
CNBC Slideshows:
______________________________
______________________________
Disclosures:
Chung owns shares of STAR, SWK, OPEN, YUM and China Resources Enterprises via owning shares of his funds.
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes