Stocks opened higher on Wednesday, following a rocky trading session Tuesday that left the blue-chip index down 0.3 percent. How should investors be positioned? Ronald Weiner, president and CIO of RDM Financial Group and Charlie Smith, CIO of Fort Pitt Capital Group shared their market outlooks.
“The trend in European prices is going to be something to monitor closely, but what concerns me is the way the banks there are not supported,” Smith told CNBC. “To me, I don’t think the crisis is over.”
Smith said investors should focus on technology and cable companies. (Scroll down for his full picks.)
In the meantime, Weiner expects the U.S. markets to head higher in the short-term and prefers the safer plays in the technology sector.
- Watch Smith's Previous Appearance on CNBC (Apr. 14, 2010)
- Watch Weiner's Previous Appearance on CNBC (Mar. 16, 2010)
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No immediate information was available for Smith or Weiner.