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This Is a 'Decent Buying Opportunity': Stock Pickers

Markets rose on Tuesday after a report on Chinese exports that blew past expectations, offering hope for the global recovery. Is this the end of the correction phase? Joseph Keating, executive vice president and CIO of CenterState Bank, and Kelly Campbell, founder, principal and CEO of Campbell Wealth Management, discussed their views. (See their stock and sector picks, below.)

“We think the economy is still in a gradual economic recovery,” Keating told CNBC.

“We think it’s a pretty decent buying opportunity in the market.”

Keating said the best sector to invest is in the higher-yielding, defensive, energy-infrastructure areas. On the other hand, he is avoiding the financial sector.

In the meantime, Campbell agreed that markets are in an upward trend, although he expects volatility over the next few years.

“We were up 75 percent [since the March 2009 lows] and we can’t maintain that, so we had to have a pullback and I think this was it,” he said. “We should be thanking Greece because they started that pullback and they are letting us know that we’re going to have a similar problem if we’re not careful few years down the road.”

“People are focused on safety right now—they’re fleeing the stock market, but that’s going to change.”

Campbell Likes:

High-yield bonds

Small-cap equity

Commodities

Multi-Service Utility Companies: Scana , PG&E

Keating Likes:

Petroleum Transportation and Distribution Companies: Kinder Morgan Energy , Enbridge Energy , Plains All American

Natural Gas Transportation and Distribution Companies: Enterprise Products , Boardwalk Pipeline , Energy Transfer Partners

Electric Utility Companies: Progress Energy , Entergy , First Energy

Multi-Service Utility Companies: Scana, PG&E

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Scorecard—What They Said:

  • Campbell's Previous Appearance on CNBC (May 13, 2010)
  • Keating's Previous Appearance on CNBC (Jan. 5, 2010)

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Market Bears' Views:

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CNBC Data Pages:

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CNBC Slideshows:

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Disclosures:

No immediate information was available for Campbell or Keating.

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Disclaimer