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Erik Ristuben of Russell Investment Group and Holly Isdale of Lehman Brothers offered their sector insights to CNBC.
Outlook:
"Markets are looking through the short-term data," said Ristuben. "The Russell 1000 [index] is about 9 percent off its bottom in early March."
"We think equities are a good value right now," he said.
Isdale's optimism is a bit more muted. "We're still a little bearish," she said. "Companies have done a good job managing expectations...but it still comes down to what the consumer is thinking."
Recommendations:
"Our managers like tech and energy," said Ristuben. While crude oil prices may not keep up their dizzying climb, "pricing for oil [to hold steady] is still there," he believes.
Isdale agreed about the strength of oil investment, "especially [oil] producers."
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Techs -- Top Application Software Firms:
Microsoft [MSFT
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Oracle [ORCL
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SAP [SAP
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Adobe [ADBE
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CA [CA
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Oil -- Top Producers:
Exxon Mobil [XOM
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Chevron [CVX
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ConocoPhillips [COP
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Royal Dutch Shell [RDS
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BP [BP
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Disclosures:
Disclosure information was not immediately available for Ristuben, Isdale or their respective companies.
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