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Prep Your Portfolio For Next Week: Stock Pickers

Friday, 23 Oct 2009 | 12:16 PM ET

As investors look ahead to next week, Peter Andersen, portfolio manager at Congress Asset Management Company, and Robert Pavlik, chief market strategist at Banyan Partners, shared their best investment ideas.

“I think what you need to be doing is focusing in the early cyclicals going forward,” Pavlik told CNBC.

Inside The Friday Trade
How to invest today, with Bob Pavlik, Banyan Partners; Peter Andersen, Congress Asset Management; and CNBC's Mark Haines.

Pavlik’s Picks:

Cliff Natural—“The company’s seeing increased demand,” said Pavlik. “We have a $45 price target on the stock, which represents about a 20 percent upside.”

Corning—“The company recently suffered some disruption in Japanese manufacturing because of an earthquake,” he said.

“It took some supply off the market. So you’re seeing increased demand from computers, laptops and televisions, especially from China. We have a $25 price target on the stock, which represents about a 54 percent upside.”

Andersen’s Picks:

Crown Holdings—"It could support about a 3 percent dividend yield, which is very appealing,” Andersen said. “This is the time to buy because it’s down 10 percent.”

Warner Chilcott—"It has just bought P&G’s pharmaceutical operations and we think it will probably close to double its earnings in the next two years,” he said. “It has considerable upside going forward.”

More Market Intelligence:

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CNBC Slideshows:

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Disclosures:

Pavlik has clients who own shares of CLF and GLW.

Anderson’s firm owns shares of CCK and WCRX.

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Disclaimer

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