CNBC Stock Blog

6 Stock Picks for 'Near-Term' Growth


Many companies have reported earnings that have surprised to the upside, but how will they perform for the rest of the year? Dan Genter, president, CEO and CIO of RNC Genter Capital Management shared his insight and investment strategy.

Earnings: Haves vs. Have Nots

“It’s going to be slow on the topline, but it’s going to be positive,” Genter told CNBC.

"The earnings increases were due mainly to cost cutting and aggressive management," Genter said, but "the sequential growth in earnings looks very positive."

"Although we know we will have a big negative quarter year-over-year, we look like we’re going to be up about $14 in S&P for the quarter versus $10 in the last quarter.”

Genter said it is important for investors to play along with the momentum leaders, but also to look at sectors that have revenue and earnings growth near-term.

“Tech is going to benefit from the cyclical upswing, it’s benefiting from strong earnings growth and surprises and I think tech overall has gone up in line with the markets. So I think there are opportunities there,” he said.

“And then, I think, the sectors that have been left behind like health care and consumer staples.”

“You’re getting some growth top-line and bottom-line in tech and you’re seeing it in some of the consumer staples,” he said.

Genter recommends:



Johnson & Johnson

Teva Pharmaceuticals



Disclosure: No immediate information was available for Genter or his firm. ______________________________ ______________________________ Disclaimer