×

Portfolio Prep for Next Week: 'Don't Get Crazy'

In a shorter holiday week, U.S. stocks ended flat Friday, as positives struggled with the Dubai debt news. How should investors prepare for next week?

Alan Valdes, vice president at Kabrik Trading, and Doug Kreps, principal and managing director at Fort Pitt Capital Group, offered CNBC their portfolio advice. (See Kreps' stock picks, below.)

"Sometimes your best trade is no trade at all," Valdes said.

He believes that the Dubai frenzy will prove to be a "one-day wonder," and suggested that no one should pass judgement on the markets until certain key economic reports are issued next week.

"My advice is, just sit tight and don't get crazy this weekend."

He said investors "might want to get defensive" just to be safe, but declared optimistically, "We still think markets are going to rally until the end of the year."

Kreps echoed Valdes' message of calm:

"We tend to view trades in terms of more than just a day or two. We have a global theme that's very much still intact," Kreps declared.

"The global economy is still continuing to grow outside the U.S." — and there are U.S.-based multinational stocks that harness such growth, Kreps said.

Kreps' Recommendations:

Microsoft

Boeing

Kimberley-Clark — the personal/household products maker is also a "play on sonsumers in the developing world," Kreps said.

______________________________
CNBC Slideshows:

______________________________
Other Points-of-View:

______________________________
CNBC Data Pages:

______________________________

______________________________
Disclosures:

Disclosure information was not available for Valdes, Kreps or their respective companies.

Disclaimer