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
Markets rose on Wednesday despite a weaker-than-expected reading on the services sector. Is the economy in the middle of a recovery and if so, how can investors play it? Bill Spiropoulos, CEO of CoreStates Capital Advisors, and John Merrill, founder and CIO of Tanglewood Wealth Management, shared their insights.
 |
“We’re in a definite bullish trend for equities,” Merrill told CNBC.
“That doesn’t mean that the pattern is straight up from here. Every bull market since World War II has had at least one 10 percent correction and I’m sure this one will at this time," he cautioned.
Merrill said this "cyclical bull market" is riding the better-than-expected economic news and earnings reports.
“The real power underneath this market can be seen by things like persistent movement from money market accounts into risk assets, the return to high growth and emerging markets. A very clear signal from the leading economic indicators index is that there’s more economic growth to come.”
Merrill said investors can buy the "best of breed stocks in America" for the "best price of the generation" relative to the overall market. He likes high quality stocks including ExxonMobil [XOM
Loading...
()
], Abbott Labs [ABT
Loading...
()
] and Johnson & Johnson [JNJ
Loading...
()
].
In the meantime, Spiropoulos said investors are still worried about another leg down in the markets.
“Every time there’s positive news on anything, the bears come out and rip it to shreds so there’s tremendous disbelief,” he said.
 |
However, he said the numbers are gradually starting to turn positive and “slowly but surely, we’re returning to normal."
Spiropolous said he likes the multi-national companies based on the weak dollar.
“Anything you can smoke, eat or drink can be a big story in the next year, price-wise,” he said.
More Investment Voices:
- 5 Stocks with 'Global Reach': Strategist
- 4 High Dividend Yielding Stocks: Portfolio Manager
- Stocks vs. Commodities: Which Way to Go Now?
CNBC Data Pages:
______________________________
CNBC Slideshows:
______________________________
______________________________
Disclosures:
No immediate information was available for Merrill or Spiropoulos.
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes