Paul Meeks steps in to buy amid sell-off
Tech investor Paul Meeks sold out of three of his top picks at the beginning of the year in favor of large-cap momentum stocks he believes will continue to outperform.
On Friday, Meeks reshuffled his picks for the CNBC Squawk Box Model Portfolio, dumping shares of BlackRock, Micron Technology and financial services company Bofi. Instead, he increased his position in names like Facebook on the belief the social-media giant will trend higher.
Below are the new stocks on his portfolio and the reasons why he thinks they are buying opportunities.
[“source -cncb”]
