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Jun.16
2:01 PM ET
Time to Buy Beaten-Down Stocks

Ted Parrish, co-portfolio manager of the Henssler Equity Fund, thinks it's time to get involved in some out-of-favor sectors like consumer cyclicals and even financials.

"We think that consumer cyclicals are in a good position right now," he told CNBC.  "We would avoid some of the bear traps like housing stocks and some of the fattest retailers."

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So where does he see opportunities for your portfolio?

"Niche consumer cyclicals like Garmin [GRMN  Loading...      ()   ], the GPS-device maker, are a good way to experience some pretty high returns going forward this year," he said.

And he's even attracted to a bank.

"We bought some Bank of America [BAC  Loading...      ()   ] last week," he said.  "Even though they have a big issue surrounding the dividend, and whether they're going to cut it...I think the company's in a position to do extremely well coming out of this rough patch.

Disclosures:

Full disclosure information for Ted Parrish was not immediately available.

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