Business
Tom Stringfellow, president and chief investment officer, says he is optimistic that the stock market is due for a broad recovery spread over many sectors, and driven by valuations and earnings, but he warned that until that time comes the market will be driven by a handful of mega-cap names which is uncomfortable but which shouldn't dissuade investors from staying diversified, knowing that they are positioned for that time when the recovery expands and picks up speed. Also on the show, Mark Hamrick of Bankrate.com discusses his site's latest 'Market Mavens' survey discussing where experts expect the market to go next, David Trainer of New Constructs puts Tesla back in the Danger Zone again, saying the stock is much worse off now than it was about a year ago when he put it there, only to see it explode in what he described as a fit of extreme irrational exuberance, and David Miller of the Catalyst Mutual Funds discusses using an insider-buying strategy as he covers stocks in the Market Call.