Investors want to lean into the dip as fundamentals remain strong, says Raymond James' Matt Orton

• Geopolitical events are viewed as 'noise' creating buying opportunities due to robust economic fundamentals and accelerating earnings growth.
• Recommends focusing on durable, secular growth trends, specifically in select technology (semiconductors, memory, optical) and industrials (CapEx supercycle, data center developers).
• Expresses skepticism towards financials due to private credit concerns and consumer staples (excluding high-quality names like Walmart and Costco) due to potential rate sensitivity for lower-end consumers.
• Maintains an S&P 500 target of 7,750 by year-end, driven by continued earnings strength and selective opportunities.

Matt Orton from Raymond James advises investors to 'lean into the dip' during periods of geopolitical uncertainty, citing strong underlying economic fundamentals and earnings growth. He recommends selective investment in long-term secular growth trends, particularly in technology and industrials, while expressing caution on financials and consumer staples.