It's a 'Great Time' to be a Value Investor: Stock Picker
CNBC.com Writer
Stocks retreated on Tuesday, following a 3.9 percent gain in the Dow during the previous session. So where are the best places to invest now? Bill McVail, portfolio manager at Turner Small Cap Growth Fund, and Mark Travis, chief executive of Intrepid Capital Funds, shared their insights.
“This year is more discriminating as opposed to last year,” McVail told CNBC.
“In this market, it’s all about forward expectations; and we’re making determinations about what company is growing faster.”
McVail said investors are looking for companies that can grow their earnings for the remainder of the year and into 2011.
In the meantime, Travis said it’s a “great time” to be a value investor. (Scroll down to see his stock picks.)
“We like high-quality companies with very clean balance sheets and a discount to private market values,” he said. “We’re happy with this volatility—it allows us to put shareholder’s money to work at cheaper prices.”
Travis Likes:
Federated Investors
Hilltop Holdings
Epiq Systems
Newmont Mining
- Watch McVail's Previous Appearance on CNBC (Apr. 26, 2010)
- Watch Travis' Previous Appearance on CNBC (May 5, 2010)
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Opposing Viewpoints:
- Dow to Fall Near 4200-5000 by Mid-2011: Strategist
- Hurt by Stock Plunge? You May Have to Accept Losses
- 'Very Strong' Buy Signal in Valuations: Art Hogan
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CNBC Data Pages:
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CNBC Slideshows:
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Disclosures:
McVail owns HGG, OZRK and SLXP in the Turner small cap growth fund.
Travis and his family members own shares of FII, HTS, EQUP and NEM via ownership of his funds.
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