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This Sector Will See Higher Growth: Stock Picker

With all the changes taking place in Washington, investors shouldn't just focus on the micro—they have to focus on the macro as well, said Kevin Rendino, portfolio manager at BlackRock. He shared his best plays.

“You try to marry the top-down and bottoms-up and hopefully that gets you to a portfolio that outperforms,” Rendino told CNBC.

Rendino said he is underweight the financial sector because it is going to be more regulated. He expects the information technology sector to see higher growth.

“This is one area that there’s going to be increased capital expenditures this year from businesses, and because of that, we think it’s going to be a good year for information technology,” he said.

“You’re going to have enterprise spending increase all year: Windows 7, data tsunami with everything converging on wireless, video, voice and everything converging on our BlackBerries and iPhones,” he explained.

Rendino Likes:

Health Care sector

IBM

Intel

Northrop Grumman

Raytheon

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  • Watch Rendino's Previous Appearance on CNBC (Nov. 11, 2009)

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Disclosures:

No immediate information was available for Rendino or his firm.

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