Portfolio Managers See Opportunities After The Sell Off

Robert Pavlik of Boston Private Wealth and Bernie Williams of USAA Investment Solutions spoke on CNBC about stocks they would buy in current market environment. Pavlik said that the market hasn't seen a correction since 2011 and that the selling was overdone on Monday. The market still has some room to move lower, but for the most part it has reached extreme levels. He added that the economy is healthy and that he is a buyer of this market. Pavlik named SolarCity Corp SCTY, JetBlue Airways Corporation JBLU, Skyworks Solutions Inc SWKS, CVS Health Corp CVS, Nike Inc NKE and Under Armour Inc UA as stocks he would buy. In current market environment Pavlik would focus on market leaders with not much exposure internationally. Williams has also been buying stocks with minimal exposure to China. He particularly likes Target Corporation TGT, TJX Companies Inc TJX. He thinks that the market is going to end the year flat or slightly up, primarily because of valuation and soft earnings. He sees better opportunities in Europe.