Be Discretionary

The continuing drama from Europe and a possible slowdown in China is making for a very difficult investing environment right now. Manufacturers such as Ford (F) have announced they are being more negatively impacted by the slowdown in Europe than investors thought a few months ago, which has affected stock prices. Commodities have fallen considerably in the last few months as projections for worldwide growth are being revised downward. I am starting to take some positions in consumer discretionary stocks that do not have much exposure to Europe and could benefit somewhat by falling gas prices domestically. Here are two stocks that fit these criteria that have cheap valuations, solid balance sheets and good growth prospects.

Arctic Cat (ACAT) manufactures snowmobiles and all-terrain vehicles (ATVs) under the Arctic Cat brand name...255 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.