Bob Doll: Buy energy stocks amid Middle East turmoil

Investors should be overweight in energy as oil stocks continue to soar amid unrest in the Middle East, says Bob Doll.

BlackRock's chief equity strategist says even if investors have gained from positions in energy and have taken "a little bit of money off the table", they still want to be overweight. He told CNBC: "If I did not own them, I would purchase them now." However, he says the big question is Saudi Arabia, as a large producer of oil. Although the country has "less onerous" feelings towards its government than Libya and politics are quite benign, this is not a "full measure" that unrest does not spread to Saudi Arabia. Doll is also bullish on industrials, tech and cyclical, citing Alcoa in...