This is the question many are asking after a tumultuous few weeks with the Dow and S&P 500. Although we’ve seen worse in the past, the fact that there’s been little to no volatility is making some investors question their next move.
Paul Meeks, the CIO and portfolio manager of Sloy, Dahl & Holst’s CIO, recently appeared on CNBC to share his thoughts on this matter.
Meeks shared that, generally speaking, he likes to focus on cloud-oriented companies-- particularly the leadership names. For example, Amazon, Google, and Microsoft.
Although three stocks have dipped since the June quarterly results, Meeks doesn’t encourage investors to sell. At the same time, none of these are particularly glaring buys, either. Instead, now is a great time to initiate positions of these stocks. For some, this may even include slightly adding to them.
Meeks ends with a final thought: just avoid doing anything aggressive right now.
See the talk here: https://www.cnbc.com/video/2017/08/18/the-full-interview-with-paul-meeks.html