×

Marc 'Dr. Doom' Faber is a big bull on these stocks

Marc Faber, editor of the Gloom, Boom & Doom report, is well-known for his persistently negative outlook on equities. But that doesn't mean he's bearish on every stock.

"Some depressed sectors are showing signs of major lows," Faber wrote to CNBC on Thursday. "I am still negative about stocks but I can see more money printing in the future, which will lift some sectors."

Specifically, Faber is bullish on mining stocks as well as on oil and gas names. His reasoning is that if the values of currencies become depressed, gold and other commodities could see additional demand from those hoping to use them as stores of value.

"The most attractive asset in my view is gold shares and oil and gas shares," Faber said Wednesday on CNBC's "Trading Nation." "I think they still have significant upside potential this year."

More generally, the frequently doom-predicting Faber now emphasizes balance in one's portfolio.

"You need to be diversified," he said Wednesday. "To own some real estate makes sense, to own some equities makes sense, to own some cash and bonds probably makes sense, and to own some precious metal makes sense."

However, he warns that "the market will not go up. Technically, the market isn't looking very good."

Read MoreMarc Faber: The Fed is obsessed with the stock market

Videos

Trades to Watch

Trader Bios

About

Trading Nation is a multimedia financial news program that shows investors and traders how to use the news of the day to their advantage. This is where experts from across the financial world – including macro strategists, technical analysts, stock-pickers, and traders who specialize in options, currencies, and fixed income – come together to find the best ways to capitalize on recent developments in the market. Trading Nation: Where headlines become opportunities.

Brian Sullivan

Brian Sullivan is co-anchor of CNBC's "Power Lunch" (M-F,1PM-3PM ET), one of the network's longest running programs, as well as the host of the daily investing program "Trading Nation." He is also a frequent guest on MSNBC's "Morning Joe" and other NBC properties.

Read more

Connect