U.S. Treasury’s Yellen Says Closely Monitoring U.S. Financial Sector Amid Increased Global Market Volatility; To Date, U.S. Financial System Has Not Been A Source Of Economic Instability, Remains Resilient

The so-called magnificent seven should be a part of most portfolios, according to Deepwater Asset Management's Gene Munster. However, the real growth opportunity over the next year is in select sub-$50 billion market cap companies, Munster argued on CNBC's "Squawk Box."