NEW YORK (CNN/Money) -
The markets again felt the pressure of war rhetoric, rising oil prices, and concerns about corporate profits Tuesday as the Dow posted a triple-digit decline, while the Nasdaq remained in a narrow trading range.
The Dow's latest slide comes before the Federal Reserve's decision on interest rates Tuesday, with most analysts expecting the Fed to stand pat at 1.75 percent.
For those looking to enter the markets Tuesday, two portfolio managers appeared on CNNfn to suggest some stocks in the grain, media and beverage sectors.
Charles White, portfolio manager with Avatar Associates, sees limited exposure to bad loans benefiting Bank One.
| Charles White's picks
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"They've still got improvement that can be done on the credit side, where a lot of banks have already been hurt," White said. "Revenue growth is going to be slow but they can make earnings and have good profit growth just by not shooting themselves in the foot on the credit side."
Viacom is White's second selection. "They've got pretty decent programming coming out. We all know about 'Survivor' but there are several new shows that are out there gaining some traction," he said. "And you've also got the radio business and the outdoor advertising business and we're just seeing that their selling looks to be a little bit stronger."
White's final pick is Anheuser-Busch. "You sit around watching the [ticker] tape long enough and you need one or two Budweisers at least," he said. "But here's a company that is a great brand name, taking market share, [and getting] some pricing flexibility. And the stock is not cheap, but you pay a premium now for companies that are able to consistently deliver."
White manages funds with positions in the stocks mentioned.
Shares of Bank One (ONE: down $0.10 to $36.94, Research, Estimates) are in a 52-week range of $42.88 to $28.92.
Viacom class B (VIA.B: up $0.39 to $40.00, Research, Estimates) shares have been between $51.89 and $29.75 in the last year.
Shares of Anheuser-Busch (BUD: down $0.29 to $50.36, Research, Estimates) are in a 52-week range of $54.66 to $38.74.
Liam Dalton, president of Axiom Capital Management, likes stocks that are sensitive to commodity prices, such as BP and Bunge.
"Earnings have been very difficult, but if companies generate a significant amount of leverage to the bottom line through the strength of their product or their raw material price, I think you'll find that those companies are going to out perform the rest of the market. That's why I like BP," Dalton said.
| Liam Dalton's picks
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"It's very interesting that you can find companies that have a sensitivity to climbing commodity prices, not only in energy or metals, but also food related, agri-products," Dalton continued. "It's one of the largest soybean processing companies in the world and it actually came out with better-than-expected guidance going forward on their earnings. And their third quarter solidly beat earnings as well."
Dalton manages funds with positions in the two stocks mentioned.
Shares of Bunge (BG: up $0.04 to $22.64, Research, Estimates) are in a 52-week range of $24.90 to $15.31.
BP (BP: down $0.95 to $39.92, Research, Estimates) shares have been between $53.99 and $38.20 in the last year.
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