“I want to go down to the lowest level, which is the hardest level, and pick individual stocks,” Birinyi tells CNBC.
“The markets create some good opportunities, and I think that’s what you should be looking at here and not be consumed by the level of the market.”
Birinyi adds he’ll avoid underperforming financial stocks, which have been battered on fears that debt woes in parts of Europe can threaten financial sectors everywhere. ”
Read more: Birinyi: Market is Becoming Ripe for Stock Picking
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