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Election-Year Trades: Health Care

Monday, 28 Jul 2008 | 5:53 PM ET

Two strategists, Stephen Wood at Russell Investments and John Manley at Citi Smith Barney, shared their market rebound strategies with CNBC.

Market Rebound $trategy
Stephen Wood, of Russell Investments, and John Manley, of Citi Smith Barney, share their rebound strategies with CNBC's Dylan Ratigan.

“Health care is a good place to be,” said Manley. “Biotech [stocks] are cheap, and some of the big pharmaceutical companies have done nothing good for eight years. [Although] there’s a general fear that you don’t want to own any stocks before an election, when I see a consensus that rock-hard, I think there may be an opposite side to it.”

Wood, however, disagreed with Manley.

“I’m not as convinced with the election trade as a lot of people are,” he said. “I’m waiting for a lot of specifics from both candidates, but making big bets based on an election year may not be a good idea.”

Disclosures:

Disclosure information for Stephen Wood and John Manley were not immediately available.

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Top biotech names:

Biogen Idec

Genentech

Amgen

Genzyme

Celgene

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Disclaimer

  Price   Change %Change
AMGN
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BIIB
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CELG
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