Evans told CNBC Thursday that "news events can provide the opportunity to get into great stocks at a good price. So if there’s some negative news, and we think the [company] fundamentals over the long term are still very much intact, a cheaper price can be a great opportunity" to take a three- to five-year position.
Evans said luxury goods retailer Burberry is one stock he bought "pretty aggressively" during the 2008 financial crisis, when the prevailing wisdom was no one would buy luxury products.
"We still thought the luxury-goods phenomenon had much further to run, particularly driven by spending in the emerging markets ," he said. "The stock is up seven or eight times since that time, and it’s still in our view not very expensive."
The current slow growth of the U.S. economy "doesn't mean no growth," he said, and that is why another pick is Cisco. "Slow growth in the economy, fast growth for data," he explained, saying Cisco believes there will be an explosion of data in the foreseeable future, and that means a need for its routers.
Also in the future: an aging population .
"We have an aging population that's going to grow by a factor of three over the next 40 years," he said. "There are a lot of companies that are going to benefit from this," particularly makers of hearing aids and lenses, which is why Luxottica is another of his picks.Page 1 of 2 | Next Page