10 Stock Picks for This 'Gradual Recovery'

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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CNBC Data Pages:

• Dow 30 Stocks—In Real Time
• Where's the US Dollar Today?
• Track Treasury Prices Here

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CNBC Slideshows:

• 20 Stocks with the Potential to Pop

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Disclosures:

No immediate information was available for Keating or his firm.

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Disclaimer