Numerous hedge fund managers unveiled some of their investment choices at a conference in New York City this week.
Jacob Gottlieb, chief investment officer at $6.5 billion Visium Asset Management, said his firm likes the healthcare, mobile technology, industrial, Internet retail and consumer sectors,
CNBC reports. He specifically cited sports apparel maker Nike and consumer product company Jarden.
By contrast, utility and telecommunications stocks will likely suffer from rising interest rates, Gottlieb explained.
Editor's Note: 38 Trades That Could Turn $1,000 Into $49,000
Jason Karp, chief investment officer of $1 billion Tourbillon Capital Partners, praised NCR, whose products include ATMs and kiosks, according to CNBC. The company's software business is seriously undervalued because people think of NCR as a hardware maker, he noted.
Efrem Kamen, founder of $170 million Pura Vida Investments, favors medical device maker Boston Scientific, CNBC reports. He's keen on several devices the company is developing, including the "Watchman" atrial fibrillation product.
Matt Drapkin, co-founder of $290 million Becker Drapkin, recommended Cascade Microtech, a semiconductor test equipment maker, according to CNBC. He expects its revenue and profit margins to increase during the next two years.
As for stocks in general, some investors have been encouraged by recent U.S. economic data. For example, the Conference Board said Thursday that its index of leading indicators rose 0.5 percent in February.
"Things are mending, things are improving," Natalie Trunow, chief investment officer for equities at Calvert Investments, tells
The Wall Street Journal. She likes companies that garner the majority of their revenue in the United States.
Editor's Note: 38 Trades That Could Turn $1,000 Into $49,000
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