GO
Loading...

Analyst Watch: Buy Up These 'Cheap' Stocks

U.S. stock index futures edged lower ahead of the open Monday in the wake of a strong close for Wall Street on Friday and ahead of fresh data on the housing sector.

Here's what guests on today's Squawk on the Street are watching before the opening bell:

In the near term (over the next few weeks), the market will continue to trade higher, Jeff Saut, Raymond James Chief Investment Officer, says.

"If you're a long term investor - good things tend to happen to cheap stocks," Saut says. And there are lots to choose from. He prefers:

Microsoft below 23

WalMart "under 50 is cheap" and the company is buying back stock

If you're a trader:

Saut's ETF pick: Dividend S&P

Saut's stock to buy: Cenovus


What to watch: event of the fall for the market will be mid-term elections, Saut says.

"If taxes are cut, stocks could stage year-end rally," he says.

______________________________

Your Daily Dashboard:

Pre-Markets Data | First Trade For Monday | Monday Outlook

Analyst Interviews | CNBC Stock Blog | Dow 30 Stocks—In Real Time

______________________________

Disclosure: Immediate disclosure information was not available.

______________________________

Disclaimer

Symbol
Price
 
Change
%Change
CVE
---
MSFT
---
SDY
---
WMT
---

Featured

Contact

  • Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.

  • Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.

  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

  • “Squawk on the Street” Co-Anchor

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.