CNBC Stock Blog

Prep Your Portfolio into Next Week: Strategists


Stocks struggled to hold gains Friday amid some mixed economic reports. So what can you do to boost your portfolio ahead of next week? Benny Lorenzo, chief executive of Kaufman Brothers, and David Stepherson, senior portfolio manager at Hardesty Capital Management, shared their best plays.

“It’s been a tough few months—the market has been pricing in a deceleration in growth worldwide,” Lorenzo told CNBC.

He believes a lot of bad news has already been priced into the markets. As a result, September and October, which are typically months where investors tend to shun stocks, will fare better.

In the meantime, Stepherson noted that two-thirds of the S&P 500stocks have higher yields than the 10-year Treasury.

“So if you have a long-term investment horizon 10 years out, just about any stock you pick with a yield will come out on top from the alternative,” he said.

Stepherson’s Recommendations:



Capital One

Lorenzo’s Recommendations:


Longtop Financial

“Sell” Accenture

Scorecard—What They Said:

  • Lorenzo's Previous Appearance on CNBC (Aug. 7, 2010)
  • Stepherson's Previous Appearance on CNBC (Aug. 5, 2010)

More Market Intelligence:

Pricing in Bad News—CNBC Slideshow:

CNBC Data Pages



Lorenzo owns shares of AAPL, but does not own shares of LFT.

Stepherson, his family and firm own shares of TGT, COF and GOOG.