IMAX's international expansion and new laser technology will continue to drive the company's stock higher, said Michael Balkin, Portfolio Manager for the William Blair Small Cap Fund. Balkin added that the company will also benefit from the amazing slate of blockbuster movies opening in the next 2 years. He is also positive on shares of Six Flags, saying the company is a strong operator which is expanding internationally and pays a healthy dividend. Finally, Balkin is bullish on J2 Global, saying the cloud computing company is capitalizing on its digital media franchise and generating a ton of cash.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.