GE Capital's bonds have been beaten down too hard. While the unit holds some iffy assets, the risks look manageable, and the industrial parent is likely to help if the problems deepen.

Avon's shares, now selling for about a third of their 52-week high, could double over the next year, if the company deals well with the dollar's rise and the economy's fall.

At 27, Consol's stock is off about 60% from a year ago -- in line with the industry's decline. But some analysts think the stock could triple in an economic recovery.

The company is "defying gravity," as one analyst puts it -- gaining more subscribers and growing earnings. The stock could pop more than 40%, to about $30.

Roger Freeman, a Barclays analyst, has targets of $30 on Morgan Stanley and $100 on Goldman. Freeman, who sees the firms taking bigger write-downs than most of Wall Street does, expects Morgan to earn 25 cents a share in the current quarter, rather than the consensus forecast of 36 cents. Similarly, he predicts that Goldman will earn 80 cents, not the consensus figure of $1.35.

Roger Freeman, a Barclays analyst, has targets of $30 on Morgan Stanley and $100 on Goldman. Freeman, who sees the firms taking bigger write-downs than most of Wall Street does, expects Morgan to earn 25 cents a share in the current quarter, rather than the consensus forecast of 36 cents. Similarly, he predicts that Goldman will earn 80 cents, not the consensus figure of $1.35.

Dan Frascarelli, who manages large-cap core equity investments at Lord Abbett, still expects early beneficiaries of economic rebound -- including financials, retailers, hotels and restaurants -- to lead the market, largely because these benefit first from improving credit. Among his holdings are Target (TGT), Kohl's (KSS), Carnival (CCL) and Marriott International (MAR). Depending on how far stocks run up, traders may re-assess spending expectations of thriftier consumers, but the bounce would come first.

Dan Frascarelli, who manages large-cap core equity investments at Lord Abbett, still expects early beneficiaries of economic rebound -- including financials, retailers, hotels and restaurants -- to lead the market, largely because these benefit first from improving credit. Among his holdings are Target (TGT), Kohl's (KSS), Carnival (CCL) and Marriott International (MAR). Depending on how far stocks run up, traders may re-assess spending expectations of thriftier consumers, but the bounce would come first.