Markets were mostly flat after a higher opening on Monday, as investors sold energy and materials stocks. How should investors be positioned? Neil Hennessy, portfolio manager and CIO of Hennessy Funds and Dan Veru, Palisade executive vice president and CO-CIO of Capital Management shared their insights.
“Equities are going to be where you make substantial returns this year,” Veru told CNBC. (Scroll down to see his full stock picks.)
“We don’t think we’re going to have the market so much to buoy us this year like last year, so it’s going to be about stock selection and about picking the right companies and the right industries,” he continued.
In the meantime, Hennessy told investors to look into the dividend-paying companies.
“That’s where you’re going to get stability in the market going forward,” he said.
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No immediate information was available for Hennessy or Veru.