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Stocks in 'Good Position' to Break Out: Top Portfolio Manager

Stocks are in a “good position” to rise and hold higher levels, said Ted Parrish, co-portfolio manager at Henssler Equity Fund. He shared his market outlook and best plays with investors.

“We’ve gone through a very challenging period this summer, which is seasonally a slow period, and we’re entering into a period that will be pretty good when it comes to retail sales and industrial production," Parrish told CNBC.

And I think we break out from here and finish the year on a positive note,” he said.

Overall, Parrish expects the second quarter to be the “low mark” for GDP and sees it rising in the third and fourth quarters.

Parrish Likes:

Archer-Daniels Midland


UnitedHealth Group

Scorecard—What He Said:

  • Parrish's Previous Appearance on CNBC (Jul. 27, 2010)

Market Views—Across the Board:

CNBC Data Pages:

CNBC Slideshows:


CNBC's Companies in the News:


  • FedEx Profit Doubles but Still Disappoints Wall Street


  • Sony Says Likely to Meet Annual PS3 Sales Target


  • Boeing Plans to Send Passengers into Space


No immediate information was available for Parrish or his firm.