Alan Gayle says it's time for a cautious move back into the stock market.
"We see what I would call a transition from the problems we have been seeing and the promise of the stimulus package that is coming forward in addition to the Fed easing and the like that we've seen," the senior investment strategist at RidgeWorth Capital Management told CNBC. "We've been dialing up risk a little bit."
Gayle said he has been moving into corporate bonds and gradually increasing equity exposure.
"We've been looking for companies in the health-care area and in technology," he said.
That's led him to Becton Dickinson, a company he sees as having better earnings visibility than most, and turning in "some reasonable numbers."
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"We've also been trying to look past the malaise to what we think is going to come on the other side," he said. "We've been moving some money out of consumer staples and moving that into technology."
His favorite tech names are IBM and Oracle.
Also on his list are XTO Energy and Home Depot.
Disclosure information for Alan Gayle was not immediately available.