Investor highlights Fortis, Eli Lilly and Exxon Mobil amid market risks

Madden said the main US and Canadian stock indexes have been supported by relatively few companies, while many stocks have fallen well below recent highs.

He warned that this narrow market could hide wider weakness.

He favors dependable businesses as high oil prices, inflation and bond yields add pressure.

His picks are Fortis, Eli Lilly and Exxon Mobil.