Stock Picks: Small-Caps, Dividends, Defensive Plays

To help investors prepare their portfolios for next week, CNBC asked the market experts for their best stock picks now.

Playing Defense

"If you play defense and you have to own stocks, I think you look at companies that do a decent business overseas, companies like Procter & Gamble , companies like Cisco, where there's overseas build-out...I think you can look at some of the utility names. I particularly like one, Progress Energy, 5.7 percent yield, a safe place to hide."

- Gregory Church, Church Capital Management Chief Investment Officer

Dividend Plays & Small Caps

“While we’re avoiding financials generally, I like…Raymond James Financial , because they don’t take the kind of risk that the other banks and brokers have taken. They are a transaction-oriented company, they don’t use their balance sheet to take principal risk in anything, and it’s an environment right now where people need help and assistance in managing their own portfolios, and that will benefit them well.”

- Dan Veru, Palisade Capital Management

Veru also likes: Baldor Electric and Genesee & Wyoming .

The Friday Trade

"Everyone tries to keep picking the bottoms in the financials, to try to say, 'Is it OK to get in?' and I'm just finding it too tough here...So I went back to the old Lynch theory. I asked my kids what they thought; we saw the Hulk last night, they said, 'Dad, go out and buy Marvel (Entertainment), go out and buy Disney, that's maybe a safer bet here."

- Jeffrey Frankel, Stuart Frankel President