Prep Your Portfolio for Next Week: Strategists
Which stocks should investors be buying into next week? Dennis Wassung, portfolio manager at Cabot Money Management and Alan Valdes, vice president of DME Securities shared their best plays.
China Mobile—“I’m looking for dividends and one of the best ones I like is China Mobile,” Valdes told CNBC. “It’s grown by at least 17 percent in the last 5 years and it has a dividend yield of 3.3 percent. And it’s pretty steady.”
ProShares Ultra Tech
Acme Packet—“Mobile data is the secular growth theme. And one of the key ways to play in the technology space is the infrastructure required to take care of these massive demands on mobile data, from things like [Apple's] iPad and iPhone,” said Wassung.
Amazon.com—“Retail has been a sector that’s been punished more since the market peaked in April,” he explained. “I think the consumer is going to be resilient, the economic data will support the market moving higher and retail will perform well—online retail’s only 4 percent of retail sales and that’s going to grow.”
Scorecard—What They Said:
- Valdes' Previous CNBC Appearance (Jul. 22, 2010)
- Wassung's Previous CNBC Appearance (Mar. 31, 2010)
More Market Intelligence:
- Market Bias Is to Upside—So Invest Here: CIO
- Stock Picker: Plan for 'a Lot of Market Action'
- Stocks Are 'Extremely Cheap' Right Now: Strategist
CNBC Data Pages:
Wassung personally owns shares of AMZN and his firm own shares of APKT, ARUN and AMZN.
Valdes does not own shares of CHL or ROM.