Is Dan Genter playing with fire?
The president, chief executive and chief investment officer of RNC Genter Capital Management has gone looking for promising stocks in the financial and consumer discretionary sectors.
"I think it's time to start to look at this as some opportunity," he told CNBC. "When you look at the macro picture, the big freeze...that's been over the financials is clearly starting to thaw."
He believes recent actions taken by the Federal Reserve are allowing that thawing to take place.
"The Bear [Stearns] deal really allowed us to face our biggest fear, and to see that you can come out on the other side, that there's a light at the end of the tunnel, and it's not necessarily a train coming the other way," he said.
Genter likes JPMorgan Chase, Bank of America, US Bancorp, PNC Financial Services Group, Wells Fargo, and Wachovia.
"All these are companies that...are starting to come out on the other side," he said.
"It doesn't mean that we're not going to have a lot of volatility in the meantime, but people who have a minimum 6- to 12-month type time horizon...it's probably a very good entry point."
Genter's consumer-discretionary picks are Best Buy and Staples.
Genter, his family and his firmown shares of JPMorgan Chase, Bank of America, US Bancorp, PNC Financial Services Group, Wells Fargo, Wachovia, Best Buy, and Staples.