Buy D.R. Horton and IBM, Says Jim Meyer (DHI, IBM, BBY)
By Benzinga Staff 4
July 30, 2010 12:25 PM
July 30, 2010 12:25 PM
Jim Meyer, chief investment officer and co-founder of Tower Bridge Advisors, has an optimistic outlook on the market.
He said, “We were thinking double-dip recession and now we’re in some kind of euphoria. After three straight days of 100 point gains, I don’t know that we power forward from here without some pause, but I think the direction is higher because the economy is on a recovery path.”
He also shared his stock picks. He recommended D.R. Horton (NYSE: DHI). He also likes Best Buy (NYSE: BBY) and IBM (NYSE: IBM). The CIO said that he expects the employment situation and consumer confidence to improve.
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