Power Lunch

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Power Lunch

Power Play: Stock picks from a perma-bull

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Expert: Here's what makes me nervous about the rally


Stocks are lower on Monday as geopolitical risks and the likelihood of tighter monetary policy weigh on the market.

But South Texas Money Management CEO & CIO Jeanie Wyatt, who's a perma-bull, tells CNBC's "Power Lunch" she continues to be bullish on the stock market due to anticipation of lower corporate tax rates.

NYSE trader on the floor
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"Not only does that imply higher net profits for some companies, but could also lead to some U.S. corporations to bring some offshore accumulated profits for reinvestment in their operations here," Wyatt said.

One of Wyatt's top sectors now is consumer discretionary. "The consumer is not dead, just more demanding. We like names likeBrunswick in that space."

She also likes the valuations in Europe and a favorite name for her there is Estee Lauder.

Brunswick and Estee Lauder are lower during trading.




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