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Survive Volatility with This Large-Cap Stock

Market volatility and the pullback in financial stocks isn't over yet, says Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates.

So he advises investors to find safe harbor in large-cap multinationals with diverse exposure.

Would Sethi consider General Electric (the corporate parent of CNBC)? He likes aspects of the mega-conglomerate, but is leary of the "half of GE's business" that is financial services," he says.

Instead, Sethi prefers 3M : The manufacturer is "like GE" in that "62 percent of its earnings are overseas" -- but is "diversified enough" to meet his specifications, he says.

Sethi is "trimming some of our energy exposure," and may consider re-entering if oil drops significantly.

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