Just as he did in the latter part of 2012, top strategist Kenneth Fisher is continuing to focus on large stocks in 2013.
In his latest Forbes column, Fisher focuses on “big stocks that are easy for wary investors to buy into. These stocks tend to outperform during the back half of bull markets.” He says bull markets are “fueled by successive waves of prior skeptics finally capitulating as their fears fade. Eventually fear turns to euphoria, and that’s the stuff of bubbles. We’re a long way from that now.”
Right now, Fisher says many fearful investors are parking money in bonds. “When these worried investors finally get up the courage to buy in, they will tend to avoid risk and go for big stocks,” he says. “They will buy global household names like the ones I have been recommending in my recent columns.”
Fisher offers five new picks that fit the big-and-safe mold. Among them: tech giant Microsoft.
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