×

S&P at 870 Will Indicate Market Bottom: Expert

Today’s markets are slightly sluggish but definitely optimistic, said Uri Landesman, head of global growth at ING Investment Management. (See below for his portfolio recommendations.)

“S&P 500 at 870 will be the floor,” Landesman told CNBC. “It’s not very far from here and that makes the upside/downside risk/reward potential of the markets very attractive.”

He said he is a fan of the cyclical sectors and recommended the following areas for investors:

Landesman Likes:

Energy

Materials

Consumer Discretionary such as: Retail and Media

Technology

Disclosure:

No immediate information was available for Landesman or his firm.

More from the Market Mavens:

______________________________

______________________________
Top Technology Stocks:

Apple

Google

Microsoft

Yahoo

IBM

______________________________

Disclaimer