Companies have been hoarding more cash more than ever due to concerns over a double-dip recession and uncertainties in the environment.
Brent Wilsey, President of Wilsey Asset Management and CNBC Senior Stocks Commentator Herb Greenberg joined Maria Bartiromo on the Closing Bellgiving their insight on companies with big dollars on their side.
Clinging Onto Cash
US companies are hanging on to more cash on their balance sheets than at any other point on record. Widely held names likes General Electric (parent of CNBC), Cisco Systems, Microsoft, Ford and Google are all companies with cash on the balance sheets.
Wilsey says there are opportunities with Google, Exxon, Amgen and Humana.