BOSTON (MarketWatch) -- David Brown, chief market strategist for Sabrient Systems, says it's time for investors to be "very, very careful, [but] a time to be nibbling" at some great individual stocks available at a discount. In an interview with Chuck Jaffe, MarketWatch senior columnist, Brown said that while the market's decline has boosted the value score on many securities, an appropriate reaction to current market conditions is to be nervous about just what comes out as a "buy" and to focus instead on stocks rated as a "strong buy." Brown said the energy and materials sectors look promising, but anyone concerned about a long recession might focus instead on health care and consumer staples companies. He said that industrials and technology stocks could be on the "outside looking in" for any market rebound. During his appearance on "Your Money with Chuck Jaffe," Brown followed through on that, labeling several energy stocks as buys, but saving his highest praise for a few strong buys, notably in shipping stocks. Brown put the "strong buy" label on Excel Maritime Carriers (EXM: excel maritime carriers ltd EXM 11.73, -0.11, -0.9%) -- which he said is the sixth-highest rated stock in his firm's database of 6,000 securities -- along with Frontline (FRO:FRO 29.45, -0.62, -2.1%)
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