GO
Loading...

10 Stock Picks for This 'Gradual Recovery'

Friday, 13 Nov 2009 | 1:54 PM ET

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.

Checking Market's Pulse
A quick check on the markets, with Joseph Keating, RBC Bank CIO of Private Asset Management and James Hardesty, Hardesty Capital Management.

“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

______________________________
Don't Miss:

Stop fearing a W-shaped recovery, said James Hardesty of Hardesty Capital Markets.

______________________________
Other Market Opinions:

______________________________
CNBC Data Pages:

______________________________
CNBC Slideshows:

______________________________

______________________________
Disclosures:

No immediate information was available for Keating or his firm.

______________________________

Disclaimer

  Price   Change %Change
D
---
DUK
---
EPD
---
ETP
---
ETR
---
KMP
---
PAA
---
PG
---
SCG
---
SRE
---

Featured