Hennion & Walsh Asset Management Chief Investment Officer, Kevin Mahn discusses how stocks are lower with bank shares under pressure from Moody’s downgrade. He talks about how it would be wise to start positioning portfolios in stocks that have reasonable valuations, strong balance sheets, and belong to sectors build to handle a slowdown. He looks at putting the July rally into perspective, as well as market trends to watch. He also goes over some of his stock picks which includes Analog Devices (ADI) and PepsiCo (PEP).
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Disclosure: Hennion & Walsh Asset Management currently has allocations within its managed money program, and Hennion & Walsh currently has allocations within certain SmartTrust® Unit Investment Trusts (UITs), consistent with several of the investment areas discussed during this interview.