Darin Richards, Aldrich Wealth CIO, appeared on CNBC’s Power Lunch to discuss investment strategies and his top picks.

Darin’s outlook:

• U.S. is in later stages of an economic cycle and growth will be fairly modest.
• Companies that are able to grow faster than the economy will be rewarded.
• U.S. dollar could resume strengthening trend and limit profit growth.
• Weaker Euro has increased profitability among exporters.
• Recovering oil prices benefit energy biz, driving increasing spreads in high yield bonds.
• Consider larger position in high yield bonds.

View the complete CNBC Power Lunch segment here. Find out why Darin thinks airlines and home builders are attractive sectors for investors here.