The Dow came off the best September since 1939. So will the market rally continue in the fourth quarter? Brent Wilsey, president of Wilsey Asset Management and Christopher Craddock, senior managing director at CC Trading discussed their best plays.
“September was a great party—everyone was glad to be a part of it, no one really knew what happened but they were glad it was there,” Craddock told CNBC.(Scroll down to see his full picks.)
In the meantime, Wilsey said investors should sellgold and bonds because they are overpriced.
“If you missed the September rally, don’t miss the next quarter—you’ll be upset again,” he said.
“We’ve got earnings coming out and I think they’ll be pretty good, CEOs are cautiously optimistic, we’ve got the election in November, and I think we’ll have a jolly holiday season—and so the place to be is start buying these companies now.”
Craddock’s Picks:
SPDR Gold Trust
iIShares COMEX Gold
iShares Silver
Rio Tinto
Wilsey’s Picks:
Alcoa
Cirrus Logic
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Scorecard—What They Said:
- Craddock's Previous Appearance on CNBC (Sept. 22, 2010)
- Wilsey's Previous Appearance on CNBC (Sept. 10, 2010)
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More Market Opinions:
- Banks vs. Telecoms—The Better Buy: Stock Pickers
- Weak Dollar? 7 Firms will Benefit: Market Pro
- Profit from Low-Risk Trades: Stock Picker
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CNBC Slideshows:
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CNBC Data Pages:
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Disclosures:
Craddock owns SLV, but does not own GLD, IAU or RTP.
Wilsey does not own shares of AA or CRUS.
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