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

Jul. 30, 2012 2:34 PM ETeBay Inc. (EBAY) StockEBAY, QCOM, HAL, SLBBy: David Yelle, SA News Editor1 Comment
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 )

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