Sector Strategists: Where to Put Your Money Next
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.
“[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 and McDonald's .
- Business Software
(What are Caughey's reasons? Watch the interview to learn more)
No immediate information was available for Wood or Caughey.
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