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In an interview with CNBC, Jeffrey Saut, chief investment strategist with Raymond James, discussed his outlook of the market.
He said, “I’m not convinced that the lows for the year are in, but I think we’re in an upswing here that will last through the balance of the earnings season.” He expressed his preference for tech stocks. According to him, Microsoft
MSFT is set to benefit from corporate rebound in the tech spending.
He added, “You’ll get a whole upgrade cycle of not only software but hardware as well.” He also likes Wal-Mart
WMT.
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Posted In: Analyst ColorAnalyst RatingsCNBCConsumer StaplesHypermarkets & Super CentersInformation TechnologyJeffrey SautSystems Software
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