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Analyst Watch: Stocks With Good Fundamentals

US stock index futures pointed to a higher open Monday after President Obama pledged to tackle the country's ballooning public deficit while at the G20 summit over the weekend.

Meanwhile, here's what guests on today's Squawk on the Street are watching before the opening bell:

Good Fundamentals

With earnings season on the horizon and the first half coming to a close Wednesday, Brent Wilsey, chief market technician with Wilsey Asset Management, says he's found three companies with very good fundamentals "that I would buy and either the EPS estimate has remained stable over the last 90 days or has increased."

Here are Wilsey's picks:

Tellabs
The company's EPS was 35 cents 90 days ago, now it's 49 cents and the company trades at 13.2 times forward earnings.

Coca Cola
Ninety days ago, the EPS was $3.73 and today it is $3.74 and trading at 13.7 forward earnings.

Cummins
This company's EPS was $3.97 90 days ago and is $5.30 today. And the company trades at 13.6 forward earnings.

Jerry Castellini, president and CEO of CastleArk Management, likes:

Intel
Most analysts think the first quarter was the best of the year, but the stock never really responded. "We think they beat again on gross margins and stock responds," he says.

Paccar
"We think class 8 truck orders are better than expectations," Castellini says. He expects earnings to beat on better margins.

Fastenal
Industrial recovery is better than most expect. Inventory rebuilding gives them upside on earnings. Likely to guide higher as well, Castellini says.

See more of what these and other analysts and money managers have to say, and get the latest financial news. Watch Squawk on the Street every weekday morning starting at 9 a.m. ET.

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