10 Stock Picks for This 'Gradual Recovery'
CNBC.com Writer
Markets rose on Friday on solid earnings reports from Disney and JCPenney. Joseph Keating, CIO of private asset management at RBC Bank, shared his market insight.
“We believe the economy has begun to expand,” Keating told CNBC. “It began in the third quarter and we think it will be a gradual recovery.”
However, Keating said the potential for a V-shape recovery in earnings is “very plausible.”
“So we think the market moves higher—we wouldn’t chase it, I’d average some money into the market, but we think it moves higher,” he said.
Keating’s Picks:
Kinder Morgan Energy Partners
Plains All American Pipeline
Enterprise Products Partners
Energy Transfer Partners
Progress Energy
Entergy Corp
Duke Energy
Sempra Energy
Scana Corp
Dominion Resources
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Don't Miss:
Stop fearing a W-shaped recovery, said James Hardesty of Hardesty Capital Markets.
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Other Market Opinions:
- Is Euphoric Market Ignoring Warning Signs?
- Cramer: Investors, Don't Do This!
- Charts: Dow Set for Steady Trip to 11,600
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Disclosures:
No immediate information was available for Keating or his firm.
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