Pentagon + Silicon = Stock Opportunities
Larry Mano finds opportunities for investors at the intersection of defense and technology.
His four-star Schwab Core Equity Fund is up an average of 9.3 percent per years over the last five years.
Recommendations:
He likes IBM.
"It's a large-cap name, a consistent performer," he told CNBC. "Going forward...IBM continues to be a leader in providing global server technology."
Also on his list, Raytheon.
"Fundamentally, it continues to grow, has a strong free cash flow, an improving working-capital environment," he said. "It's been able to beat expectations...it's been able to grow revenues on a steady level, and overall...we continue to see strength in their international defense missile systems as well as related businesses."
Larry Mano finds opportunities for investors at the intersection of defense and technology.
