William Noonan, chief executive of Contravisory Research & Management, and Jeff Middleswart, president of Behind the Numbers, discussed which stocks and sectors investors should be shorting. They discussed their best plays.
“I’d avoid China, investment banking and brokerage companies where there are high levels of uncertainty,” Noonan told CNBC.
“But I think we’re very close to a short-term bottom.”
Noonan said he is buying the consumer discretionary names, technology and some of the industrial cyclicals such as heavy equipment, aerospace and defense.
Noonan is Shorting:
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CNBC Data Pages:
No immediate information was available for Middleswart or Noonan.