David Katz, member of Squawk Box's inaugural Portfolio Challenge, believes that Qualcomm and an energy giant will do well because of a better-than-expected global economy and the eventual recovery in oil prices. He's most interested in stocks that are industry leaders and have exceptional leadership.
"We expect a good global economy, with the strongest trends coming out of the United States," said Katz, president and chief investment officer of Matrix Asset Advisors. "We look for oil prices to stabilize and eventually return to a $75 to $85 a barrel or better trading range. We believe the current negative oil sentiment is way overdone."
"All recommended stocks are leading players in their respective industries, have superior management teams and sell at very attractive valuations," he said.