Robert Doll, BlackRock`s chief equity strategist, shared his stock market outlook and picked his seven favourite stocks to buy now:
“What we did in January on the selloff — and if we get another one like it, I think you lead into some of the global cyclicals: metals, energy, and retailers. They are the ones that got hit hardest when this all began and if you are believers in that the global cyclical recovery is real, you add to those names.”
“In the fourth quarter, underneath the surface of all the noise with Greece, China and politics, earnings delivery and revenue delivery has been very good and in the end, it will win out, in our view.”
Bob Doll recommends one stock in the mining sector, Freeport McMoRan (FCX), two retailers, Target (TGT) and Coach (COH); two oil companies, ConocoPhillips (COP), Marathon Oil (MRO) and two big-cap tech stocks, Microsoft (MSFT) and IBM (IBM).
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