I think that since you are a beginner, you don't even need to think about cutting or bulking. Lift hard, do a bit of cardio and eat plenty or protein, but you don't need to try to gain any weight right now. If you are indeed just beginning, you need to work on your form anyway. In the first 3 months of lifting or so, you will become stronger because of neurological adaptations (will be able to mobilize more muscle fibers) and muscle growth. Muscle growth will probably happen even without gaining bodyweight at this stage. Some fat-loss should also occur.
At that point, you can decide if your bodyfat level is low enough or too high to bulk. There is a level at which it is definitely better to cut first.