Ask what sector Ed Sheidlower is avoiding, and he'll tell you, "financials," but the Bryce Capital Management portfolio manager does have some sectors -- and some stocks -- he feels are good places for investment dollars.
First, the bad news.
"You want to buy stocks in sectors that have earnings clarity, and right now, we just don't see the clarity, whatsoever, in the financials," he told CNBC.
Now, the less bad news:
"Walter Industries...that's up big on the Cleveland-Cliffs acquisition [of Alpha Natural Resources] today, showing that there's still a lot of valuation on the coal side."
And that's just one sector.
CNBC Video Reports:
"On the health-care side, some of the names we're buying right now: We're seeing value in Perrigo, which is a generic over-the-counter drugmaker, [we] like Medtronic, [we] like Baxter (International), [we] like Wyeth and a lot of the biotechs, names like Cephalon are looking very good to us right now," he said.
Disclosure information for Ed Sheidlower was not immediately available.