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Quick Take: Foot Locker a Perfect Fit for Fund

NEW YORK ( TheStreet) -- If the market goes down, what stocks should you buy? TheStreet's Gregg Greenberg discussed this with Matt Schreiber, president of WBI Funds, on Wednesday.

Schreiber expects to see a pullback in equities at some time in the next couple of months. Generally stocks pull back roughly 10% each year, he said. May's market action showed signs of potential weakness ahead for the summer months.

If a pullback does occur, Susquehanna Bancshares (SUSQ) remains one of Schreiber's favorites thanks to recent earnings and revenue strength over the previous year.

Earnings per share increased 67% over the past 12 months, while revenues are up 20%. With a 2.7% dividend yield, he feels as though the valuation is fair for buyers.

Despite Foot Locker's (FL - Get Report) underwhelming year-to-date performance, Schreiber stresses the valuation is low and the fundamentals are strong.

With double-digit earnings growth and the upcoming back-to-school season only a few months away, he believes Foot Locker could have a strong finish to 2013.

Finally, there's Digital Realty Trust (DLR - Get Report), which is at the lower end of its 52-week range.

While the stock has seen a lot of challenges from competitors and real estate investment trusts in general have struggled lately, Schreiber really likes the fundamentals of the company, citing its "phenomenal" earnings and revenue.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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SUSQ $14.20 -0.77%
DLR $91.45 0.01%
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