CNBC Stock Blog

Stock Picks for Next Week: Portfolio Strategists

Alan Valdes, vice president at Kabrik Trading, and Brent Wilsey, president of Wilsey Asset Management, told investors how to prepare their portfolios for the week ahead.

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Is 1350 Realistic for the S&P?

“This market is going to continue up—it’s been a disaster all year, but this market keeps trending up, and it will trend up for the next year,” Valdes told CNBC.

“Granted, we will have a lot of heavy headwinds, but we’re in a good position.”

Valdes recommended Campbell Soup and Carnival.

In the meantime, Wilsey said there is a good possibility of the S&P hitting 1,350 next year.

“Because in the first quarter, we’re going to have good earnings come out and the bad earnings and write-offs from 2008 will fall off and will lower your P/E ratios for the first quarter. Things are going to look pretty good,” he said.

Wilsey said he likes Texas Roadhouse, The Geo Group and Ameren.

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Disclosures:

Valdes does not own shares of CPB or CCL.

Wilsey does not own shares of TXRH, GEO or AEE.

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