- Stock Market Crisis: Nation's Mayors Sound Off
- US Banks Keep Pressure on SEC to Deal With Shorts
- Financial Crisis Has Inflationary And Deflationary Potential
- What the Pros Say: Swap Jitters, Bottom Searches
- Viacom Warns of Third-Quarter Profit Shortfall
- US Consumers Lose Faith in Fed Due to Crisis
- Jefferies' Hogan: Market Will Bottom Today
- Traders Needing Cash Even Dumping Bonds
- Greenspan Sees First Half 2009 U.S. Housing Recovery
- Lightning Round OT: AFLAC, Valero and More
- Lightning Round: Chesapeake, Corning, J&J and More
- Cramer: What’s the Worst-Case Scenario?
- Game Plan: The Crash of '87 Scenario
- Cramer’s Double Secret Borrow-Binge Plan
- Your First Move For Monday October 13th
- History In The Making
- The S&P 500 Loses $1.8 Trillion in Market Cap for the Week
- Web Extra: GE & Goldman Sachs
Text Size 
 |
Everybody's waiting for the market to turn around, so where should your investment money be positioned right now? David Sowerby, chief market analyst and portfolio manager for Loomis Sayles makes a strong case for technology.
"That's where the largest overweight is in my portfolio, for the simple reason that the real cash flow yields, the valuations are as cheap as I saw in the fall of 2002, at the same time that net profit margins at 10 percent are near all-time highs," Sowerby told CNBC.
His enthusiasm for technology stocks is not dampened by downbeat numbers from such companies as Texas Industries [TXI
Loading...
()
].
"Even though TI guided down by about two to three cents on this quarter's earnings; names like Corning [GLW
Loading...
()
], Cisco [CSCO
Loading...
()
], Harris Corporation
[HRS
Loading...
()
], all high cash-flow generators, that's the largest overweight in my portfolio," he said.
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes