David Nelson of Belpointe Asset Management
Avago (AVGO) —"Any chip stock that has real estate in the iPhone should do well," said Nelson on "Closing Bell." Also, he thinks the rate of growth should generate support
Union Pacific (UNP) —Nelson is bullish on UNP, in part, due to results released by rival CSX. "CSX released great numbers. The best news is that contract renewals look robust and the company pointed to robust price increases. Union Pacific is the quality play and I expect the same when they report next week," he said.
Southwest (LUV)—Although Nelson concedes that Ebola is a threat, "from what I know of the disease it seems like a very low probability you could get this while flying," he said. And he added the airline is well run and the price of fuel is decling. "Plus their business is largely domestic."
Disclosure: I own all names for funds I manage
Chris Retzler of Needham Growth Fund
Express Scripts (ESRX)—As a play on the aging population, Retzler said the company shouldn't get hit badly by the price of oil or interest rates. "Plus it's a well-run company with a great management and strong track record," he said
Clean Harbors (CLH)—"The stock has come under pressure recently due to re-refined oil pricing but it's a well-run company with significant inside ownership. I think the decline is an opportunity for long-term buyers," he said.
Air Lease (AL)—Retzler likes this stock as a broad play on airlines. "And it allows investors to avoid the risk of a single airline going into bankruptcy."
Disclosure: We own [the stocks] in the funds that we manage.