BlackRock's Doll Predicts Double-Digit Equities Growth in '09
Bob Doll, vice chairman and global CIO of equities at BlackRock, is calling for double-digit equities growth for 2009.
“When the year is said and done, risky assets will outperform safe ones, and equities will be right there with [them],” Doll told CNBC.
Doll predicts technology stocks will contribute to this equities growth.
“Technology’s been bounced around all over the place, and I think the multinational nature of technology, the fact that free cash flow and income statements are pretty good — I think this is an area that people will be watching," he added.
Doll’s favorite stocks in the sector are Hewlett-Packard and Accenture .
Disclosures:
Disclosure information was not available for Bob Doll or for his company.
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