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Time to Get Defensive—Invest Here: Stock Picker

Wednesday, 18 May 2011 | 11:28 AM ET

The markets have doubled from the March 2009 bottom and have come a long way since, so investors should be defensive, said William Muggia, president, CEO and CIO of Westfield Capital Management.

Large Cap Stock Picks
The picks for your portfolio, with William Muggia, Touchstone Growth Opportunities Fund.

“Right now, we’re a little bit defensive on the markets,” Muggia told CNBC.

“You’re seeing some signs of slowing in emerging markets, so we like health care and staples—[we're] being a little defensive.”

Muggia’s Picks:

Celgene —“It’s the fastest growing biotech—yet only trading at 14 times forward earnings,” he said of the firm.

General Mills —“The cereal category’s improving—they just did a deal with Yoplait and you get a 3 percent dividend yield while you wait.”

Priceline.com

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Scorecard—What He Said:

  • Muggia's Previous Appearance on CNBC (May. 6, 2011)

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More Market Intelligence:

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CNBC Data Pages:

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CNBC Slideshows—FYI:

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Wednesday's Top Dow Gainers (As of Mid-Morning) :

Intel

Chevron

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Disclosures:

No immediate information was available for Muggia or his firm.

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Disclaimer

  Price   Change %Change
CELG
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CVX
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GILD
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INTC
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The Priceline Group
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