Fight Recession with 'Innovation' Stocks
Doug MacKay thinks he's spotted some stocks that can lift an investor's portfolio in the midst of recession and slow recovery.
"Companies that can, through innovation, drive superior sales growth in spite of the economy," is the succinct description offered by the president and chief investment officer of Broadleaf Partners. "I think that's going to be a strong theme as we go forward."
MacKay recommends "former high flyers" that are currently trading well off their 52-week highs, but his first choice, Research In Motion, doesn't fit into that category.
However, "I would put Apple in that category," he said. "I would also put companies like Intuitive Surgical [there]."
Disclosure information for MacKay was not immediately available.