RNC Genter Capital Management's Dan Genter thinks the market has found a bottom. Dave Rovelli of Canaccord Adams isn't so sure. Both men have some ideas for investors about where to go from here.
"I think we have a floor below us that's somewhere around 5 or 6 percent below where we are right now," Genter told CNBC. "You have to buy into this market; you have to get a ticket on this ride, or you will eventually be left behind sometime in `09, but I think you have to be very selective in the sectors and the stocks you go into."
(See Part 2 for Rovelli's outlook and picks.)
Recommendations:
Genter focuses on oil-drilling and natural gas in the energy sector, and he has some selected techs.
"You look at Schlumberger [ SLB 64.31
+0.41 (+0.64%) ], you look at Diamond Offshore [ DO 89.5099
-0.0701 (-0.08%) ], Devon [ DVN 70.21
-1.83 (-2.54%) ], Chesapeake [ CHK 25.5821
-0.2079 (-0.81%) ]," he said of his energy choices.
(See Part 2 for Genter's tech picks.)
__________________________________________More CNBC Intelligence:
- Jim Cramer: YES, It's a Bottom!
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Disclosures:
Disclosure information for Dan Genter and Dave Rovelli was not immediately available.
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