Echoing other StockWatch contributors, Peter says financial stocks will continue to fall as the system flushes out the continuing credit crisis. For now, Peter says, give Citigroup (NYSE: C) time to assess the depths of its losses, and expect Capital One (NYSE: COF) and other credit card firms, as well as mortgage handlers like MGIC (NYSE: MTG), to bottom out further.
But that's not to say the market is without opportunity. Peter feels eBay (NASDAQ: EBAY), for example, is currently undervalued by investors, considering PayPal's ongoing expansion and the online auctioneer's new discipline with Skype. Look into Nestle (OTC: NSRGY) as well, Peter says. Much more than just Swiss chocolate bars, Nestle has an established presence in many markets worldwide -- including a deep reach into emerging markets -- and is capitalizing on evolving consumer trends toward health and nutrition.
Are the infamously pricey shares of Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) out of your reach? Peter recommends Markel (NYSE: MKL), a high-dollar insurer in the vein of Berkshire. Markel takes on expensive policies that other insurers may avoid, and -- like Berkshire -- invests heavily in undervalued companies.
Peter also highlights Brazilian minerals firm Companhia Vale do Rio Doce (NYSE: RIO). CVRD has gained 48% this year, largely by serving developing China's demand for raw materials.
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But that's not to say the market is without opportunity. Peter feels eBay (NASDAQ: EBAY), for example, is currently undervalued by investors, considering PayPal's ongoing expansion and the online auctioneer's new discipline with Skype. Look into Nestle (OTC: NSRGY) as well, Peter says. Much more than just Swiss chocolate bars, Nestle has an established presence in many markets worldwide -- including a deep reach into emerging markets -- and is capitalizing on evolving consumer trends toward health and nutrition.
Are the infamously pricey shares of Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) out of your reach? Peter recommends Markel (NYSE: MKL), a high-dollar insurer in the vein of Berkshire. Markel takes on expensive policies that other insurers may avoid, and -- like Berkshire -- invests heavily in undervalued companies.
Peter also highlights Brazilian minerals firm Companhia Vale do Rio Doce (NYSE: RIO). CVRD has gained 48% this year, largely by serving developing China's demand for raw materials.
Looking for more StockWatch? Check out these recent interviews:
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