Stocks opened higher Tuesday after some encouraging earnings reports. How should investors be positioned going forward? Ted Parrish, co-portfolio manager at Henssler Equity Fund, and Patrick Becker, principal of Becker Capital Management, discussed their insights. (Scroll down for their stock picks.)
“The S&P is going to close at about 1,300 for the year,” Parrish told CNBC.
“Outside of the situation in Europe, all of the data that’s coming in from all the companies looks good.”
Parrish said the economic data is also improving; the consumer is beginning to return as well.
“If we can settle down the fixed-income markets, we’ll be fine and the markets are going to go higher,” Parrish said.
In the meantime, Becker said investors should look into the large-cap U.S. stocks.
“As investors look at the returns internationally, and with the currency translation…money will go into large U.S. companies, where you can get incredible balance sheets and some dividends right now,” Becker said.
Read an Opposing View:
Proctor & Gamble
Illinois Tool Works
Scorecard — What They Said Last Time:
- Parrish's Previous Appearance on CNBC (Feb. 24, 2010)
- Becker's Previous Appearance on CNBC (Apr. 23, 2010)
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No immediate information was available for Becker or Parrish.
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