IT Sector looks Bullish : Analyst Tells CNBC (NOC, INTC, RTN)

Talking with CNBC, Kevin Rendino, portfolio manager with BlackRock, shared his investment strategy.

According to him, the investors should focus both on the micro as well as the macros. He is bearish on the financial sector. He said that the increased regulations would hamper the growth of the sector. However, he is optimistic about the information technology sector.

According to him, the IT sector is likely to benefit from the increased capital expenditure. He also liked the health care sector. His favorite stock picks included IBM (NYSE: IBM), Intel (NASDAQ: INTC), Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN).