GO
Loading...

2 Stocks With Growth Potential: Strategist

Friday, 26 Feb 2010 | 1:30 PM ET

The S&P is fairly valued and it is becoming increasingly difficult to find cheap names, but here are a few stocks that still have room for growth, said Scott Black, president of Delphi Management.

“I think you have to be an individual stock picker,” Black told CNBC.

Black’s Recommendations:

Finding Value in a Haystack
Some value plays, with Scott Black, Delphi Management president.

Seagate Technology—“We’re in a tech refresh cycle and it will probably last another year and a half to two years,” he said.

“Seagate benefits from this. PCs are growing at about 13-15 percent, notebooks, games, they’re all doing well and Seagate’s earnings are exploding…Seagate has more cash then debt on balance sheet, so you have a bullet-proof balance sheet to go with it.”

Nexen —“It’s much cheaper than Suncor ,” he said.

“It’s a well-run company—the balance sheet’s conservative, the coverage ratio’s in tact and it’s an interesting way to play energy prices.”

  • Watch Black's Previous Appearance on CNBC (Dec. 14, 2009)

______________________________
More Market Views:

______________________________
CNBC Data Pages:

______________________________
CNBC Slideshows:

______________________________

______________________________
CNBC's Companies in the News:

AIG

  • AIG Posts $8.9 Billion Loss on Loan Payback Charges

Citigroup

  • Citigroup Board Taps Zedillo; 2 More Directors Resign

Honeywell

  • Honeywell CEO to Be Named to Federal Deficit Panel

______________________________
Disclosures:

Adelphi Management owns shares of STX and NXY.

______________________________

Disclaimer

  Price   Change %Change
AFF
---
C
---
HON
---
NXY'U
---
STX
---
SU
---

Featured