Bonds yields are soaring. But this strategist says she's still a fan of these 'compelling' stocks

Bonds may have become more appealing as Treasury yields hit new highs. But investment strategist Amy Kong says stocks are still attractive. On Tuesday, the yield on the 2-year U.S. Treasury rose to its highest level since 2007, topping 5%, as investors weighed the prospect of more interest rate hikes. The yield on the benchmark 10-year Treasury also briefly topped the key 4% level earlier in the same session. Higher bond yields are typically bad news for investors in stocks.

Stock picks One of Kong's top core holdings is JPMorgan Chase . She noted that the bank has been able to take advantage of its size and brand, and she is "OK" with the bank spending "more than necessary" in recent quarters to gain some market share. Kong is also a fan of CEO Jamie Dimon's leadership. Within tech, she favors Microsoft , calling it a "stellar company" with a good business model.

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