Strategist Advises To Invest In Large Cap Stock

This week has been good for the markets so far. Phil Orlando, chief equity market strategist at Federated Investors, told CNBC that he is bullish about the market movements. He said that this rally reflects upbeat news. He also added that better than expected tax news, positive jobless claims numbers and potentially positive quarterly numbers have uplifted the market. He said that he does not think that the market is headed towards another recession. He added, “We think that $80 in earnings this year, $90 next year are going to be reasonable numbers. On those valuation metrics, stocks are cheap at 11 times forward earnings.” He shared his preference for large cap stocks over small cap. Learn how to find the best

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