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Cyclical Recovery Is Real—Buy These 7 Names: BlackRock's Doll

While China is trying to slow its rate of growth, the rest of the world is not going to end its “nascent recovery,” said Bob Doll, chief equity strategist at BlackRock. He shared his market outlook and investment strategies.

China surprised markets on Friday by raising the level of reserves that banks must hold for the second time this year, showing its intent to curb lending and inflation.

“What we did in January on the selloff—and if we get another one like it, I think you lead into some of the global cyclicals: metals, energy, and retailers,” Doll told CNBC.

“They are the ones that got hit hardest when this all began and if you are believers in that the global cyclical recovery is real, you add to those names.” (Scroll down to see Doll’s stock picks.)

Doll said he sees headwinds in the form of central bankers beginning their exit strategy. As a result, he told investors to focus on companies that can “deliver the goods”—earnings and revenue.

“In the fourth quarter, underneath the surface of all the noise with Greece, China and politics, earnings delivery and revenue delivery has been very good and in the end, it will win out, in our view,” he said.

Doll Recommends:

Freeport McMoRan

Target

Coach

ConocoPhillips

Marathon

Microsoft

IBM

  • Watch Doll's Previous Appearance on CNBC (Feb. 5, 2010)

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Disclosures:

No immediate information was available for Doll or his firm.

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