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CNBC News Associate
Stocks fell on Tuesday after the Dow closed near the 10,000 mark on Monday. What is the best move for investors now?
Roy Williams, CEO of Prestige Wealth Management, and Bill Smead, CEO and CIO of Smead Capital Management, shared their investment insights.
(See their stock and sector picks, below.)
“We try to avoid sectors that got too popular and try to concentrate on sectors that are unpopular,” Smead told CNBC.
“The weakness in the dollar is going to be incredibly good for the large drug companies over the next three to five years, as the emerging market nations load up brand new hospitals and brand new health clinics with products. We want to provide that to them.”
On the other hand, Williams said he prefers the small and mid-cap companies.
More Market Intelligence:
“You have liquidity back in the bond markets, you have a lot of M&A activity picking up and that should bode very well for those areas,” he said. “We’re not talking about bottom feeding at this point—we’re talking about high-quality small- and mid-cap stocks.”
Smead Likes:
Drugmakers
Merck [MRK
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Pfizer [PFE
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Bristol-Myers Squibb [BMY
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Consumer Discretionary
Starbucks [SBUX
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Wal-Mart Stores [WMT
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Financials
Berkshire Hathaway [BRK.A
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Franklin Resources [BEN
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William Likes:
Financials
Technology
Industrial
Business Services Sectors
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Disclosure:
No immediate information was available for Smead or Williams.
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Data is a real-time snapshot *Data is delayed at least 15 minutes