Dennis Wassung, portfolio manager at Cabot Money Management, and Robert Pavlik, chief market strategist at Banyan Partners, told investors how to prepare their portfolios for the week ahead. Read on for their five stock picks.
Goldman Sachs—“The stock's been under a little bit of pressure recently and it has to do a lot with the bonus talk and the concerns about the government putting some additional fees to the company,” Pavlik told CNBC.
“Right now, you have an opportunity to get into a wonderful company that doesn’t have the same type of operations that JPMorgan Chase does… I want to buy Goldman Sachs prior to the earnings.”
Pavlik said the financial giant has been able to beat five times in a row and is optimistic that Goldman will be able to do it again next week.
“We’re favorable on the technology space and the growth in mobile data,” said Wassung. “So as you’ve got Apple iPhone and other smart phones driving substantial growth in the data consumed, we think these networks are being strained and a couple of key areas to play are stocks that are going to benefit from that trend.”
Harris Stratex Networks
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Pavlik and his firm do not own shares of AVT, GS or QCOM.
Cabot Money owns DRWI, HSTX, ARUN & ATHR.