Biggs Likes Manufacturers, Capital Equipment Stocks

Hedge fund guru Barton Biggs says he has more confidence in the U.S. market than other markets around the world. “We’ve been through a period here where the bull case for the global economies has definitely weakened in the last week or so,” Biggs recently told Bloomberg. “[But] I still feel good about the U.S. market.” Biggs says the U.S. market puts investors on a more level playing field than those of other countries. He also says the recent decline in commodity prices should help the U.S. economy. He likes capital equipment stocks and manufacturing stocks, such as Caterpillar and Deere.