Stock Picker: 'You Have to Turn Bullish Now'

Government stimulus programs will soon start having impact — and turn the economy around for the better, said Rob Lutts, founder and CIO of Cabot Money Management.

“You have to turn bullish now,” Lutts told CNBC. “We’ve been seeing some evidence of a better economy out there, so I think it’s a mistake to stay defensive.”

Lutts Recommends:

China Merchants Bank — "Where do you find banks that are still growing in the world today? China—20 percent growth in deposit, 20 percent growth in loans. This is still an extraordinary place to invest."

Qualcomm — "We’re in the infancy in wireless today. I think the wireless [industry] will grow 20-fold in the next 5 to 7 years... The way to benefit is not to find Nokia or Verizon, but go to the guy that owns the licensing rights and the royalties—that’s Qualcomm. The outlook for the industry is tremendous."


Disclosure information for Rob Lutts was not immediately available.