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Question: BlackRock's Bob Doll says investors should "buy more risk." What was one of his "low-quality" picks?
Answer: Valero
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BlackRock's Doll: Buy More Risk!
BlackRock vice chairman and global chief investment officer of equities Bob Doll says it's time to re-introduce risk into portfolios.
"My view has been that we're in a bottoming process, and I think that within portfolios, the uni-dimensional 'I only want quality' has to be augmented here," he told CNBC. "I think portfolios need to, slowly but surely, add some risk to them."
Recommendations:
He has some evidence to back up his assertion.
"I look at baskets of stocks," Doll explained. "My quality basket is Amgen , Kroger , and Exxon (Mobil) , and my low-quality is Capital One (Financial) , Toll Brothers , and Valero ."
Doll's conclusion? He declared: "The second group handily beat the first group!"
Disclosures:
Disclosure information for Bob Doll was not immediately available.
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URL: http://www.cnbc.com/id/28275363/site/14081545/
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