Focus on the fundamentals, and you can find yourself some stock-market bargains. So says Meditron Asset Management founder and chief investment strategist Walter Gerasimowicz.
"We're seeing a great deal of volatility," he told CNBC. "The economists missed again on the CPI by 100 percent; however, in terms of this market itself, jumping in and out of it is not the way to beat the market; rather, it is better to focus on companies which you expect to outperform through the generation of higher earnings, and, in turn, higher returns, for the long run."
Recommendations:
So which stocks fit Gerasimowicz' profile?
He's concentrating on health care, defense and global infrastructure, and his health-care pick is Amedisys.
"This is one of the largest health-care providers in the country," he explained. "This is one of those non-cyclical, almost recession-proof growth stocks, which will be with us for many years to come."
His defense pick is Lockheed Martin, and his global infrastructure play is Harsco.
Disclosures:
Disclosure information for Walter Gerasimowicz was not immediately available.