Doll Still Likes Energy, Cyclicals

Blackrock’s Bob Doll continues to be high on energy firms despite the surge in oil prices. “I’m still of the view you want to be overweight energy, but I think just a little less overweight than you were,” Doll told CNBC. “If you’ve been fortunate enough to win there, take a little bit of money off the table.” But, he adds, if he didn’t own energy stocks right now, he would purchase them. Doll also says industrials and cyclical technology stocks are catching his eye right now, in large part because of the improving economy.

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