CNBC Stock Blog
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Option Bulls Take Another Shot on Idenix
- Top 20 European Stocks for Crisis Time: Strategist
- Hewlett-Packard Faces a ‘Dogfight’ for Talent: Analyst
- DuckDuckGo Cooks Google’s Goose: Analyst
- General Electric’s $4.5 Billion Dividend Slated for Buybacks
ABOUT THE CNBC STOCK BLOG
ART CASHIN
RSS FEED
10-Year Bull Market Starting: Chief Investor
Text Size 
CNBC.com Writer
Approximately 35 percent of S&P companies having reported so far. What do the results tell us for stocks going ahead? Neil Hennessy, portfolio manager and CIO of Hennessy Funds, and Steven Stahler, president of Stahler Investment Group, shared their market outlooks.
“The markets have gotten ahead of the economy quite a bit,” Stahler told CNBC.
“And if we consider the news coming out today and through this earnings period as good news, I don’t think the targets were set high enough to make it such great news.”
Stahler expects the Dow to cross the 10,000 mark several times by the end of the year.
"I just don’t see any really great news—it’s all incremental better news than the worse news that we had."
More Market Intelligence:
- How to Invest in Financials: Laszlo Birinyi
- Bad News: Stocks Are Stalling on Good News
- Falling VIX a 'Very Bad Sign': Market Expert's Warning
Stahler advised investors not to trade into the market and said he is attracted to the BRICs (Brazil, Russia, India, China).
“They’re working together and setting some policies,” he said. “And I think that’s a place to go for some time. They’ll own half the world’s economy in the next 10 years.”
On the other hand, Hennessy said markets are in a 10-year bull run. “We’re in for a really good run, particularly looking at pessimism out there by the investor,” he said.
“If I’m going to be investing in the long term, you have to look at the low-end retailers or the low-end manufacturers of whatever they are manufacturing,” he said.
“I don’t think people are going to go back and change spending habits to the high end any more. I think people are going to go for more for less and that will go for the next 10 years.”
Hennessy Likes:
Del Monte Foods [DLM
Loading...
()
]
Darden Restaurants [DRI
Loading...
()
]
Ross Stores [ROST
Loading...
()
]
Stahler Likes:
S&P Energy
DJ REIT Index
______________________________
CNBC Data Pages:
______________________________
CNBC Slideshows:
______________________________
______________________________
Disclosures:
No immediate information was available for Hennessy or Stahler. ______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes
