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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Disclosure information for David Sowerby was not immediately available.