Stocks fell Friday, led downward by energy and industrials, following Thursday's selloff over economic concerns. Arthur Hogan, director of global equity products at Jefferies, discussed his market insights.
“We’ve been having this massive tug-of-war that’s been going on, between people who are worried that we’ve got a double dip looking at the economic data stream, and the great news from corporate America on M&A. But it’s all happening in an environment where there’s little or no volume,” Hogan told CNBC.
He advised investors to either play the M&A activity by looking at companies that are likely takeover candidates, or buy stocks that are paying dividends larger than the yield on 10-year Treasurys.
“Pfizer , Glaxo , AT&T —a lot of the companies are paying dividends that are twice as much as the yield on the 10-year and are not going away in the next few years,” he suggested.
Additionally, Hogan said his pick of the week is Ball Corp .
Scorecard—What He Said:
- Hogan's Previous Appearance on CNBC (Aug. 19, 2010)
Market Views—Across the Board:
- Signs the Global Recovery is Happening
- Where to Invest Now—Stocks, Gold or Treasurys?
- Bank Dividend Increases Near 30% Coming: Analyst
CNBC Data Pages:
No immediate information was available for Hogan or his firm.