Needham's portfolio manager Chris Retzler believes the economy will continue to slow regardless of the timing of rate cuts, but some stocks could still thrive in the sluggish environment. Retzler, manager of Needham Small Cap Growth Fund, said the effects of any rate reductions won't be felt for a while.
Firstly, he highlighted semiconductor company Marvell Technology . Retzler said Marvel could potentially be a good acquire of Intel's Altera programmable chip unit. Reuters reported Intel CEO Pat Gelsinger is poised to pitch the board on some plans to shed assets and cut costs. The manager is also bullish on the long-term outlook for chip stocks, but he cautioned investors on the volatile nature of these names. "Long term, we do like semiconductors.