Stock Market 'Looking Good' For Next 2 Quarters: Pro

Stocks were higher Tuesday following a stronger-than-expected U.S. retail sales reportin November. Michael McGervey, president of McGervey Wealth Management, and Wayne Copelin, founder and president of Copelin Financial Advisors, shared their insights.

“The stock market’s looking good for the next two quarters relative to bonds,” Copelin told CNBC.

“We started lightening our bond positions since September.”

Copelin said he favors the retailers as signs point to a consumer comeback, but warned that it may be late for investors to buy the big-box retailers.

“We have been moving more into some commodities,” he suggested instead. “Copper back in the first week in October, and we’ve lightened our gold position a bit.”

In the meantime, McGervey said he has a 60 to 65 percent allocation in stocks.

“[We have positions] mainly in technology, energy, basic materials and we’re also seeing some consumer cyclical come in there as well.”

McGervey’s Picks:

Akamai Technologies


Concho Resources

TRW Automotive

Scorecard—What They Said:

  • Copelin's Previous Appearance on CNBC (Sept. 24, 2010)
  • McGervey's Previous Appearance on CNBC (Sept. 16, 2010)

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No immediate information was available for Copelin or McGervey.