Three early-cycle stocks offer growth potential even as the market could see additional downside, Peter Sorrentino of Huntington Asset Advisor said Wednesday.
"I think the retail public when they start to get their June statements – really across the board, 401(k) plans, you name it – I think you're going to see the next wave of selling because for a lot of those investors who thought they were in the safer investment classes, they're going to see significant declines," he said. "I mean, just look at the move in the 30-year Treasuries in just the last two months. That's going to be a religious experience."
On CNBC's "Fast Money," Sorrentino noted activity in defensive sectors and real-estate investment trusts as evidence of a large-scale move from bonds to stocks.