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CNBC EXPLAINS

Market Pros' 10 Stock Picks & Pans (Pt. 1)

Published: Thursday, 27 May 2010 | 3:02 PM ET

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By: JeeYeon Park
CNBC.com Writer

Stocks rallied Thursday, with the Nasdaq gaining as much as 3 percent intraday. Is this the beginning of a summer rally or should investors continue to be cautious? Barry James, president of James Advantage Funds, and Dan Genter, president, CEO and CIO of RNC Genter Capital Management, shared their market outlooks.

“It’s an attractive place to buy in and you can do it in a very diversified fashion because all the sectors have pulled back,” Genter told CNBC. “So it’s a good point of entry if you have some cash on the sidelines.”

Genter said the crisis in Europe would not derail the U.S. economy.

“If we look at total GDP growth, 7.5 percent is coming from exports and 20 percent comes from Europe,” he explained. “Even if Europe pulls back a full 10 percent—which would be a big number—it’s only going to draw down our GDP by two-tenths of one percent, so it’s going to still keep us north of 3 percent of overall growth.”

(See Part 2 for James' outlook and stock picks/pans.)

Genter's Recommendations:

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