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Matrix Asset Advisors Is Bullish On The Overall Market In 2010 (DELL, BAC, CVX, PG, WMT, JPM, AA)


David Katz of Matrix Assets Advisors said on CNBC that the equity market will perform well in 2010. His favorite sectors are technology, energy and the select financial sector, but he also believes that the overall market will grow too. Problematic sectors might be regional banks and commercial real state, in David Katz's opinion.

Dell (NASDAQ: DELL) is one of the stocks that Matrix Asset Advisors is really bullish on. David Katz says that Dell (DELL) has not done a lot in 2009, but that it will benefit from an expected rise in spending on PC's.

Bank of America (NYSE: BAC) is one of the stocks that David Katz sees doing well. In his opinion it could double in the next 2 to 3 years. He also likes Chevron (NYSE: CVX), Procter & Gamble Company (NYSE: PG), Wal-Mart Stores, Inc. (NYSE: WMT), JP Morgan (NYSE: JPM) and Alcoa (NYSE: AA).

Posted-In: CNBC David Katz Matrix Asset AdvisorsLong Ideas Media Trading Ideas


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