Buy D.R. Horton and IBM: CNBC (DHI, IBM, BBY)

Jim Meyer, chief investment officer and co-founder of Tower Bridge Advisors, has optimistic views on the market. He said, “We were thinking double-dip recession and now we’re in some kind of euphoria. After three straight days of 100 point gains, I don’t know that we power forward from here without some pause, but I think the direction is higher because the economy is on a recovery path.” He also shared his stock picks. He recommended D.R. Horton DHI. He also likes Best Buy BBY and IBM IBM. The CIO said that he expects the employment situation and consumer confidence to improve.