Stocks continued to tumble Friday. So what can you do to boost your portfolio into next week?
Marty Cunningham, executive vice president at Esposito Securities, and Peter Costa, president of Empire Executions and CNBC market analyst, shared their best plays.
Cunningham’s Picks:
“Emotion is ruling—nobody wants to hold positions for the weekend,” Cunningham told CNBC.
“If in fact, we get near the lows come the end of the trading day, there might be an opportunity to sift through and look for that bounce on Monday... Hopefully there’s some oversold conditions.”
- Powershares QQQ
- Applied Materials
Costa’s Picks:
- SPDR Barclays Capital High Yield Bond —“I love junk bonds—I love the yield and the risk…it’s a relatively mid-priced ETF,” Costa told CNBC.
- Tyco International —“I still like Tyco because it has a broad range of companies that they own,” he said. “They’re a very-well managed company and [although] their earnings last year weren’t that good, this year, they're turning around significantly.”
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Scorecard—What They Said:
- Costa's Previous Appearance on CNBC (Jul. 27, 2010)
- Cunningham's Previous Appearance on CNBC (Jun. 11, 2010)
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More Stock Advice—Read and Decide:
- 4 Winning Dividend Stock Plays: Chief Investor
- Find 'Real Blue Chip Value' Here: Portfolio Manager
- How to Make 'Quick Money' in This Market: Stock Picker
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CNBC Data Pages:
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CNBC Slideshows:
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Disclosures:
Costa does not own TYC or JNK.
Cunningham does not own AMAT or QQQQ.
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