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      Midas in the News -- March 7, 2008


Good Picks In a Bad Week
How to Keep Making Money in the Face of Market Disappointments

   

Just because the market is volatile, don't think there aren't any good opportunities, according to George Shipp of Scott & Stringfellow.

"I think there's lots of good ideas in a market that's difficult," Shipp told CNBC. He spoke at the end of a rough week, capped off by the release of jobs data that showed the biggest monthly decline in nearly five years.

Thomas Winmill of the Midas Funds is watching gold continue to climb, and suggested that stock market investors have opportunities there too. Winmill recommended Newmont Mining and Goldcorp.

"They're...seeing earnings beating expectations, and we think that's very bullish," he said.

Robert Pavlik of Oaktree Asset Management has a lot of long-term ideas, and suggests that in the short term, there's a lot of promise in energy stocks, particularly Murphy Oil.

"I think oil is going to continue to rise when the dollar goes lower," he said.

Shipp's short-term ideas are centered on the Internet.

"I don't think you need to go any further than Cisco," he said.  "You don't need to try to find the next Cisco; just go with the company that has $23 billion in the bank and is the market leader."

That said, he has two more Internet picks.

"We like Comcast, which helps you hook up to the Internet," he explained.  "We like eBay, which is something to do on the Internet."

Pavlik is thinking long-term, and has an extensive list that crosses sectors.

"Honeywell, I think that's a terrific company," he said.  "I think it's been holding up very nicely.

Among financials, Pavlik likes Bank of America, and in technology, he recommends that investors take a look at Apple, IBM, and Hewlett Packard.

© 2008 CNBC.com

 

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The Midas Funds are managed by Midas Management Corporation, a wholly owned subsidiary of Winmill & Co. Incorporated. Winmill & Co. is engaged through subsidiaries in stock market and gold investing through its investment management of mutual funds and closed end funds.


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