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What's the best offense in this kind of market? A cyclical defense, says Baker Avenue's Doug...

What's the best offense in this kind of market? A cyclical defense, says Baker Avenue's Doug Couden. Rather than sticking to the traditional favorites like consumer staples or utilities, which in the present environment are exposed to currency risk and higher input costs, he recommends looking at technology and oil service sector names where profit streams are more defensible. His picks: Ebay (EBAY +0.9%), Qualcomm (QCOM -0.4%), Schlumberger (SLB -0.7%) and Haliburton (HAL -0.6%). ( Video )
Comments (1)
  • horseman
    , contributor
    Comments (184) | Send Message
     
    I like Doug's thinking here; the difference of this seasonality and economic picture to me shows pragmatism and pulse. I also do like Sprint here. It's management has started to show outstanding capability both from where "IT WAS" and in the rotten unsporting economy to where the last few quarters are showing where it's going.
    31 Jul 2012, 02:56 AM Reply Like
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