Play Oil Slide with Growth Stocks (Part 1)

The market is turning -- and Andrew Peck is in stocks for the long haul. The portfolio manager for the Baron Asset Fund thinks it might be a mistake to try and play stocks by constant, rapid buying and selling.

Long-Term Growth Strategy   

Instead, Peck says his fund holds stocks for an average of five years, versus the "typical mutual fund" pattern of six months -- an annual turnover of 18 to 19 percent, versus 100 percent.

Recommendations:

Ther fund's current top five holdings are

- Charles Schwab

- XTO Energy

- Vail Resorts

- Wynn Resorts

- Chicago Merc

Peck justifies the consumer/leisure names with his belief that oil prices "will be held in check, at least for a while," thanks to alterations in "Americans' behavior."

(What NEW names is Peck adding to the fund? Click for Part 2.)

Disclosures:

Disclosure information was not available for Peck or his firm.

Disclaimer