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Building a Portfolio With Pulte (!)

Can this be? David Sowerby's top stock pick is a homebuilder?

The chief market analyst at Loomis Sayles says it's a matter of quality -- and he's also carefully selected a couple of tech companies that he believes deserve some investor dollars.

Recommendations:

The homebuilder is Pulte Homes.

"Pulte is the best quality play in the homebuilder area," Sowerby told CNBC. "They finally beat numbers after having missed numbers for three or four quarters previously. That's positive."

So does he think that the housing sector is finally at the bottom?

"Close enough that the market has discounted it in the price of these beaten-up, subprime-toxic, cyclical stocks, and that makes a small entry into Pulte the right call," he said.

And where among the spotty tech companies would he put an investor's money?

"Two tech companies I like, very different companies," he said. "Broadridge (Financial Solutions), which is a higher-quality, less-sexy tech name; they do securities processing; (and) Apple, a much better-known name."

He concedes "some concern over the September revenue and margin guidance, but over the years, you've learned with Apple that when it has a bit of a setback, it's a good time to be wading in."

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CNBC.com Video Reports:

- Best Trades Now: Tech, Utilities, Financials & More

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Disclosures:

Disclosure information for David Sowerby was not immediately available.

Disclaimer

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