"No man can become rich without himself enriching others"
Stick With US Focused Stocks: Strategists
New York, sept.23 hot stock picks .- Earnings season is just around the corner, and the market has already seen profit warnings from multinationals like FedEx [FDX 84.39 
-0.78 (-0.92%) 
] and Intel [INTC 23.125 -0.0538 (-0.23%) ]. Norfolk Southern [NSC 65.00 -1.11 (-1.68%) ], which transports coal and other goods around the country, also warned.
With the global economy slowing and the U.S. dollar strengthening it may now be time to invest in companies more tied to the U.S. economy, some market pros are saying. (Read More: FedEx Says Economy Is Worsening, Cuts Outlook.)
Richard Bernstein, CEO of Richard Bernstein Advisors, told CNBC, the multinationals that were everyone’s favorite stocks from six or 12 months ago are the ones disappointing today because “the dollar has appreciated and global growth is slowing.” He added, “That international exposure is coming back to haunt all these companies that were out telling everybody that that was their avenue of growth.”
Better to stick with U.S. focused companies, Bernstein advised. “I don’t think the mainstream realizes yet that the rest of the world is in much worse shape than we are," he said. "Corporate profits in the rest of the world are abysmal compared with the U.S.” ... Continue to read.
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