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Stephanie Link of Hightower

Portfolio > Economy & Markets > Stocks

Why Now's the Time to Move Out of Tech Stocks

By Dinah Wisenberg Brin

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Stock market volatility in September could provide opportunities for investors to diversify their portfolios by picking up non-technology stocks, according to Stephanie Link, Hightower Advisors chief investment strategist and portfolio manager said Tuesday.

“I wouldn’t be surprised if September is volatile. It usually is, but I think the economy has been much stronger than expected; I think earnings are actually troughing; and the market broadening out is actually quite healthy,” Link explained on CNBC’s “Squawk Box.”

“So I would use the volatility … to be picking up some stocks and sectors that are not technology to diversify my portfolio.”

Link has been overweight energy and industrial stocks and adding to energy lately, she said, citing recent additions to Chevron. “I think there are some opportunities still even though energy has had a nice run,” she added.

“Aviation is actually on fire” and onshoring remains a theme, she added, citing Boeing and General Electric as attractive aviation stocks and Ingersoll Rand as an appealing onshoring investment.

“You can put money to work; again, if we do get a volatile September, those are areas that I would be buying,” Link said.

Link also has exposure to companies that can benefit from the Chinese consumer, as she doesn’t think the reopening theme there has played out just yet, although she said investors may need to be patient with that recovery.

Pictured: Stephanie Link

Dinah Wisenberg Brin

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