Mario Gabelli: Prefers to Buy Specific Stocks over Indices

Author's Avatar
Feb 04, 2010
On a day like this during which the market dropped about 3%, Gamco Investors CEO Mario Gabelli breaks down what matters for the 2010 markets with Fox Business Network.


In a day like this, Gabelli is a buyer. Specifially, Gabelli prefers cherry picking stock over buying stock index.


He recommended Mead Johnson Nutrition (MJN, Financial) which makes baby products that China and Indian Moms wants for their children. He thinks the Natural Gas will boom in the US, so he recommend companies like XTO Energy (XTO, Financial). In the telecom space, he recommended Millicom Intl Cellular (MICC, Financial).


Watch the Fox Business Network video:


Watch the latest business video at video.foxbusiness.com



Or go here if you do not see the player.


Gabelli also helped breaking down the problems facing 'PIIGS' nations:


Watch the latest business video at video.foxbusiness.com



Again, sorry if you don't see the embedded player above, but you can go here to watch.