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Expect Bullish Market Momentum in the Near-Term: Strategist

Markets face a number of big questions this week, including the mid-term elections, Fed announcements and the October unemployment figures. So how should investors be positioned? Jim Lacamp, portfolio manager and advisor at Macroportfolio Advisors, and Randy Bateman, president and chief investment officer of Huntington Funds, discussed their insights.

“I think they are all tailwinds because the jobs number on Friday, which is the biggest potential negative, will be viewed as a possible positive by the markets because it will mean more QE (quantitative easing),” Lacamp told CNBC.

In addition, Lacamp said the markets “look good” from a technical standpoint and earnings yield is “tremendous.”

Meanwhile, Bateman said companies have a lot of cash on the sideline. He expects a boost in M&A activities, stock buybacks and dividends.

“There’s going to be a lot of that activity and that’s going to be bullish for the market for the shorter-term."

"But longer-term, we’ve got some significant problems to the infrastructure in terms of the debt we’re creating and all this [yet] to happen—and we’re still going to have a slow-growing economy no matter what,” he warned.

Lacamp Likes:

Mkt Vectors Indonesia

Silver Wheaton

Agrium

Bateman Likes:

Trimble Navigation

Trinity Industries

Carbo Ceramics

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Scorecard—What They Said:

  • Bateman's Previous Appearance on CNBC (Oct. 13, 2010)
  • Lacamp's Previous Appearance on CNBC (Oct. 27, 2010)
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    More Market Intelligence:

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CNBC Data Pages:

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CNBC Slideshows:

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Disclosures:

No immediate information was available for Bateman or Lacamp.

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Disclaimer

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