Prep Your Portfolio for Next Week: Stock Pickers
How should investors prepare their portfolios for next week? Peter Andersen, portfolio manager at Congress Asset Management Company, and Peter Costa, president of Empire Executions and CNBC market analyst, shared their best plays.
Neutral Tandem —"It’s a risky stock, but it’s in a unique business," Andersen told CNBC. "It acts as a referee among cell phone providers…It looks almost like an acquisition candidate; it’s in a sweet spot right now."
ICG—"Earnings are projected to grow a stunning 100 percent next year and the stock has seen some volatility this week," he said. "It’s a risky play, but it should pay off quite well for those who are patient over the next year or two."
Trina Solar—"It’s a Chinese solar company," Costa said. "They have a good a mix between industrial and solar panels...It’s also cheaper so I would go down that road...And at $24 a share, it’s a steal."
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No immediate information was available for Anderson or Costa.