Economy to See 'Best Growth Rate' Since Recession: Pro

As the economy begins to see a recovery, investors should take advantage of companies that pay a dividend, said Joseph Keating, chief investment officer and head of wealth management at CenterState Bank.

“As we enter 2011, the economy is poised to deliver its best growth rate since the beginning of the recession, following the outcome of the November elections,” Keating told CNBC.

“The recovery, which was tentative and halting, now appears to be more durable and more entrenched.”

Meanwhile, James Dailey, CIO and senior portfolio manager at Team Asset Strategy Fund said the energy sector is the best place to be.

“We implement a top-down and global macro strategy, so we’re looking at big themes—and one of the long-term themes we see continues to be in the energy space.”


Keating Likes:



“These are two strong companies that will benefit from the pickup of the economy’s growth rate,” he said of both Coca-Cola and PepsiCo.

VF Corp

Dailey’s Picks:

Petrobras —“Their production profile is poised to grow significantly over the next decade, whereas a lot of the other large-cap names have a lot of difficulty replacing their reserves,” he said of the firm.

Newmont Mining


Scorecard—What They Said:

  • Dailey's Previous Appearance on CNBC (Dec. 20, 2010)
  • Keating's Previous Appearance on CNBC (Dec. 22, 2010)

More Market Views—Across the Board:

CNBC Data Pages:

CNBC Slideshows:



Dailey owns shares of PBR, EXC and NEM through Team Asset Strategy Fund (TEAMX).

No immediate information was available for Keating or his firm.