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CNBC News Associate
This is the time to buy into stocks, said Harry Rady, CEO of Rady Asset Management, and Lee Eugene Munson, CIO of Portfolio Asset Management.
“You need to keep your trades short, and you need to keep your stocks tight,” Munson told CNBC.
“We see real opportunity on the short side,” said Rady.
Recommendations:
Munson Likes:
“We like oil services and consumer staples,” said Munson.
Unilever [UN
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PepsiCo [PEP
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ProShares Ultra Real Estate [URE
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Rady Likes:
“We really like consumer discretionary on the short side and health care in the long term," said Rady. "Especially biotechnology."
Short Term:
AutoNation [AN
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J Crew [JCR
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Green Mountain Coffee Roasters [GMCR
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Long Term:
Celgene [CELG
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King Pharmaceuticals [KG
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Disclosures:
Munson owns shares of PepsiCo and Unilever.
No immediate information was available for Rady or his firm.
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