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CNBC News Associate
Two bullish strategists, Kim Caughey of Fort Pitt Capital Group and Stephen Wood of Russell Investments, recommended the best sectors for investors to put their money.
Recommendations:
Wood Likes:
Consumer Discretionary
“[Consumer] savings rate is going to be closer to 5.5 percent as opposed to 4, so I think that the consumer is going to be retrenching — but it’s clearly not dead,” Wood told CNBC. “So the lower end of consumer names will benefit.”
He suggested Wal-Mart [WMT
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Caughey Likes:
- Business Software
- Telecom
(What are Caughey's reasons? Watch the interview to learn more)
Disclosure:
No immediate information was available for Wood or Caughey.
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Top Business Software Stocks:
Oracle [ORCL
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Cisco Systems [CSCO
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