Jim Paulsen Thinks That Stocks Will Continue To Grow

Jim Paulsen of Wells Capital said for Yahoo Tech Ticker that he still has faith in U.S. consumers, despite the challenges they are facing. He thinks that holiday season won't be as bad as people expect, and believes that we will see a growth in employment in the first quarter of the year.

Jim Paulsen likes stocks from technology sector, industrials, basic material and consumer cyclicals. If you want to follow Jim Paulsen you can look at retail stocks like Wal-Mart (NYSE: WM), Gaps Inc. (NYSE: GPS), Nordstrom Inc. (NYSE: JWN), Target (NYSR: TGT), and indexes like NASDAQ Composite (^IXIC) and S&P retail index. iShares Dow Jones US Consumer Services (ETF) (NYSE: IYC) could also be a good idea as it bets on Dow Jones.