Rising oil prices and interest rates haven’t weighed on the major stock indices, which are trading at or near all-time-highs. Because of U.S. stocks’ resiliency, however, Aquiles Larrea expects to see a correction in the near-term in addition to sector rotation into value names. One of Larrea’s top picks is United Parcel Service (UPS) ahead of holiday-shopping season and 3Q earnings that come out next week. Other stocks on his watch list are Netflix (NFLX) and Hilton (HLT).
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