"I would buy, if you have a three-year investing horizon," he said.
Lawrence Creatura, a portfolio manager with Federated Investors, said the stock market pullback in August has created opportunities to start picking individual stocks again.
Creatura pointed to the retail industry — which has been hit hard by lower profit forecasts and the rise in oil prices — as an opportunity.
"Lower prices make some stocks more attractive," Creatura said. "Our analysts are extremely busy."
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