Prologis, Wells Fargo Still Wise Investments Says Fund Manager

Prologis shares are still a smart buy despite the recent selloff over rising rate worries, said Sandy Pomeroy, portfolio manager for the Neuberger Berman Equity Income Fund. Pomeroy added that the real estate investment trust will be raising rents over the next few years and will also benefit from an increasing shift to e-commerce. She is bullish on Wells Fargo as well, saying the bank will benefit if and when interest rates do rise and is the 'cleanest' bank from a capital perspective which will enable it to write new business. Finally, Pomeroy said Novartis boasts a steady cash flow and has a full pipeline which will provide future upside.