In the meantime, O’Rourke said he is also bullish on the market and added that stocks are trading below average.
“[They’re] cheap relative to history and I expect estimates to come up,” he said. “We’re going to see upward revisions to estimates going forward.”
O’Rourke Likes:
Health Care
Consumer Staples
Telecom
Picard Likes:
Varian Medical
Cognizant Tech
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AIG
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Disclosures:
No immediate information was available for O’Rourke or his firm.
Picard owns both VAR & CTSH through her fund (PNMAX).
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Disclaimer