Date updated:04-23-2008
On a day like Friday it's easy to get carried away with the market's big move. Should you trade the momentum or focus on fundamentals? I think the market is getting a little carried away, replies Karen Finerman. I have no idea where the market is going short term and I try not to focus on it. Instead I ask myself what stocks are attractively priced with a balance sheet that can withstand some pain if we are in a recession. That’s what I focus on.

-
NYX
Nyse Euronext - $26.87
- +2.67%
- $25.92
You can take a look at the NYSE (NYX). I think it’s attractively priced on an EPS basis and they have good volume.

-
PZN
Pzena Inv Mgmt Cl - $7.20
- -1.91%
- $7.34
Another bet I like is Pzena Investment Management (PZN). It’s an asset management firm that’s run by Rich Pzena who I consider a very smart guy.

-
FNM
Fannie Mae - $1.04
- -7.14%
- $0.9984
And if you want, consider Fannie Mae (FNM)but be in it in call options so you know exactly where your downside is.

-
COF
Capital One Finan - $37.67
- -1.93%
- $37.89
On the other side, I think you can short Capital One (COF). I expect more consumer pain to come in things like auto loans and credit cards.

-
WMT
Wal Mart Stores - $51.25
- -0.06%
- $51.03
Also I recommend taking profits in Wal-Mart (WMT) if you own it.
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By Stockpickr Staff Posted on Nov. 4, 2009 Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is...
A. Won't matter . . . the damage, by in
large, has already been done . . . and
the government is on a current path to
accelerate the day of reckoning . . .
which can be quite profitable for some .
. . quite painful for others.
A. The only one I own : SLX,
too hard pick a winner out all of them
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