Money Morning Capital Wave Strategist Shah Gilani offered two picks for top stocks to buy now - along with one to avoid - on FOX Business' "Varney & Co." Tuesday.
His pick to avoid: Facebook Inc. (Nasdaq: FB). Recent gains haven't been enough to sway Gilani, who remains bearish on the stock.
But there are two other stocks Gilani says are a "Buy" at current prices - and could even slip a little and he'd still be a fan.
Gilani also offered an explanation for the $40 billion that moved into stock mutual funds in July.
Get all this info in the following interview.
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Don't miss Shah Gilani's breakdown of what Detroit's bankruptcy means for muni bond investing.