CNBC Stock Blog

Prepare Your Portfolios for Next Week


Stocks struggled on Friday after rising this morning on a solid consumer-sentiment data and a deal on aid for Greece. How should investors prepare their portfolios for next week?

The Friday Trade

David Stepherson, senior portfolio manager at Hardesty Capital Management, and Robert Pavlik, chief market strategist at Banyan Partners, shared their best plays.

“What we’re focusing on is stocks that have low P/E and multiples, and reasonable growth rates in 2010 and 2011,” Stepherson told CNBC.

“Those stocks appear the most attractive to us.”

He likes Hewlett-Packard , Medtronic and Ultra Petroleum .

“Those are three great names all with very good growth rates and all stocks that we think will double within the next two three years,” he said.

In the meantime, Pavlik said he expects positive jobs growth news next week. He recommended Target as consumers are starting to spend and income is increasing.

In addition, he also likes Qualcomm .

“The company comes out yesterday and brings earnings estimates to above where analysts had, back when they announced in January,” he said of the tech firm. “The prospects going forward continues to improve.”

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Stepherson, his family and firm own shares of UPL, HPQ and MDT.

Pavlik does not own shares of TGT or QCOM.