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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 CorpSCTY,
JetBlue Airways CorporationJBLU,
Skyworks Solutions IncSWKS,
CVS Health CorpCVS,
Nike IncNKE and
Under Armour IncUA 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 CorporationTGT,
TJX Companies IncTJX. 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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