By CNBC.com staff
Stocks continued sliding Friday on a weak factory order report, following Thursday's shaky start for the first day of the third quarter. Investors fearful of continuing volatility are searching for safe investments. David Kovacs, chief investment officer of quantitative strategies at Turner Investment Partners, and Matt Shapiro, president of MWS Capital, shared different approaches for navigating difficult markets. Together they offer six of the safest stocks to buy now. Kovacs favors utilities, namely Progress Energy ( PGN), a southeastern US utility paying a dividend of more than 6 percent. "That's a company that has a lower sensitivity to a decline in economy activity," Kovacs said. "Typically utilities do well in this environment."
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