Alan Valdes, vice president at Kabrik Trading, and Brent Wilsey, president of Wilsey Asset Management, told investors how to prepare their portfolios for the week ahead.
“This market is going to continue up—it’s been a disaster all year, but this market keeps trending up, and it will trend up for the next year,” Valdes told CNBC.
“Granted, we will have a lot of heavy headwinds, but we’re in a good position.”
Valdes recommended Campbell Soup and Carnival.
In the meantime, Wilsey said there is a good possibility of the S&P hitting 1,350 next year.
“Because in the first quarter, we’re going to have good earnings come out and the bad earnings and write-offs from 2008 will fall off and will lower your P/E ratios for the first quarter. Things are going to look pretty good,” he said.
Wilsey said he likes Texas Roadhouse, The Geo Group and Ameren.
More Market Opinions:
- Volatility, Volume to Pick Up in Early 2010: Strategist
- Dogs of the Dow Look Better in 2010: Stock Strategist
- Markets Will Gain for 'Several Years': Stock Picker
CNBC Data Pages:
Valdes does not own shares of CPB or CCL.
Wilsey does not own shares of TXRH, GEO or AEE.