GO
Loading...

Markets Look 'Worrisome'—Disruptions Ahead: Stock Picker

Friday, 15 Apr 2011 | 12:40 PM ET

Overall, the market looks worrisome, said Bob Phillips, senior partner at Spectrum Management Group.

“QE2’s going to end sometime in June and we cannot determine how to rank the probabilities of what that means,” Phillips told CNBC.

Your Money Plan
What to do with your money ahead of the weekend, with Bob Phillips, Spectrum Management Group, and Steven Charest, Divine Capital.

Phillips’ stock picks include Prudential , Qualcomm and MasterCard .

“We think [Prudential] fundamentally is a strong company…and we think the stock is cheap around 10 times this year’s earnings and maybe 9 times next year’s,” he explained.

Meanwhile, Phillips said he expects disruptions ahead and recommended investors to “think about raising 20 percent of cash in their portfolios” because of the uncertainty.

(Phillips' Opponent Suggests: How to Invest Ahead of Possible Inflation—Watch the Video for More.)

______________________________

Scorecard—What He Said:

  • Phillips' Previous Appearance on CNBC (Feb. 18, 2011)

______________________________

More Market Intelligence:

______________________________

CNBC Data Pages:

______________________________
CNBC Slideshows:

______________________________

More News From CNBC.com:

Google

  • Google's Spending Spree Invites Rare Downgrade

Bank of America

  • Bank of America Misses Estimates on Mortgage Drop

______________________________

Disclosures:

Phillips and his clients own shares of PRU. Phillips also personally owns shares of QCOM and MA.

______________________________

Disclaimer

  Price   Change %Change
BAC
---
MA
---
PRU
---
QCOM
---
GOOGL
---
MCD
---

Featured