Analyst Recommends 3M And Caterpillar (MMM, CAT, CSCO, ATT)
Source: | Filed in
Manufacturing | 
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6/18/10Chip Cobb, senior vice president at Bryn Mawr Trust, discussed his market outlook with CNBC.
He said, “Unfortunately, we’re stuck in a trading range and I think we’re going to be here for a while. Primarily, there’s a lot of pressure that we’re dealing with and most of it is headline risk.”
He said that negative news such the European debt crisis and BP’s (ADR) (NYSE: BP[FREE Stock Trend Analysis]) spill may drag the markets further down.
Cobb also shared his stock picks with CNBC
. He favored Industrial stocks such as 3M (NYSE: MMM) and Caterpillar (NYSE: CAT). Among technology stocks, he likes Cisco(NASDAQ: CSCO) and AT&T (NYSE: ATT).
