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No Double-Dip Going Forward: Stock Picker

Most bank stocks were higher on Friday after Congress reached a deal on financial reform. Nick Kalivas, vice president of financial research at MF Global, and Jim Meyer, chief investment officer and co-founder of Tower Bridge Advisors, offered their insights—and 14 favorite stocks.

“I think the devil is going to be in the interpretation of the rules and the laws,” Meyer told CNBC.

“The framework is not that far different from what we expected and there’s a lot of wiggle room and it depends on how tough regulators want to be.”

Meyer expects regulators to be “somewhat accommodative” and are unlikely to take down the financial sector at such an economically fragile time.

In the meantime, Kalivas said he doesn’t expect to see a double-dip going forward.

“The inventory cycle and the adjustments in the corporate sector have essentially taken place, so you’re looking at a slow growth scenario. And, I think to the stock market’s benefit, there are a host of stocks that have exposure to the international markets.”

Stock Recommendations

Kalivas Likes:

PepsiCo

Philip Morris

P&G

Meyer Likes:

Colgate Palmolive

Kellogg

IBM

Hewlett-Packard

Costco

Cisco

Johnson & Johnson

Medtronic

Novartis

Teva

D.R. Horton

Scorecard—What They Said:

  • Kalivas' Previous Appearance on CNBC (Apr. 28, 2010)
  • Meyer's Previous Appearance on CNBC (May 28, 2010)

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Experts on Financial Reform:

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CNBC Data Pages:

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CNBC Slideshows:

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Disclosures:

No immediate information was available for Kalivas or Meyer.

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Disclaimer

Symbol
Price
 
Change
%Change
CL
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COST
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CSCO
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DHI
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HPQ
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IBM
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JNJ
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K
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MDT
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NOVN
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PEP
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PG
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PM
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TEVA
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