I like companies that can control cost structure, possess pricing power, and grow dividends, says Michael Cuggino. He talks about looking for companies with cash flow and favorable balance sheets. He also discusses how to hedge against recessionary risks. He then looks towards materials, commodities, energy, real estate companies with favorable balance sheets. He notes that GARP stocks FCX, CVX, and FRC are also favorable. Finally, he goes over investment ideas for a slowing economy. Tune in to find out more about the stock market today.