U.S. stock index futures pointed to a higher open on Wall Street on Monday after Friday's lower close.
Hewlett-Packard will be in the spotlight following CEO Mark Hurd's resignationon Friday after an investigation found that he had falsified expense reports to conceal a "close personal relationship" with a female contractor, sending the HP stock down 10 percent in extended trading.
Shares of the company traded in Frankfurt were down 3.7 percent.
Back in the US before Monday's opening bell, Ronald Weiner, group president and CEO with RDM Financial Group, says the Hurd news is "kind of irrelevant" except that the drop could make HPQ a good buy right now.
Weiner's firm, however, is not invested. RDM sold HP a few months ago "because we were overloaded in tech — we are fully invested in tech, so we’d have to make room for another tech company."
However, Weiner thinks HP is a "really strong company — especially given all their acquisitions — they have a lot of great talent to pick from right in house.
"It’s definitely a watch company at this price — and if it drops even more so, we would take a better look at it.”
Stocks he really likes right now that he says are 10-year Treasury beaters are:
iShares Brazil Index Fund
RDM doesn't typically buy ETFs, Weiner says, but this one makes a lot of sense because it tracks the performance of the MSCI Brazil Index and gives investors exposure to commodities, financial and energy. Way to participate in growth in the EM. Trailing 12-month yield of 3.6 percent, which is also a positive attribute.
"We see their growth continuing on the international scale," Weiner says. "Tech will continue to be utilized as middle class flexes its muscles and these countries grow and expand. Gets about 80 percent of revenues outside of the US." Intel also is benefitting from increased demand for notebooks and PCs around the world, Weiner says. Corporations are flush with cash and starting to replace computers. Dividend – stock with yield at 3 percent.
This play on mining benefits from growing demand for infrastructure around the world.
See more of what analysts and money managers have to say, and get the latest financial news. Watch Squawk on the Street every weekday morning starting at 9 a.m. ET.
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