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Current DateTime: 07:23:04 10 Jul 2009
LinksList Documentid: 30328029
CNBC Stock Blog
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Jul.28
5:53 PM ET
Monday, 28 Jul 2008
Election-Year Trades: Health Care

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

“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 [BIIB  Loading...      ()   ]

Genentech [DNA  Loading...      ()   ]

Amgen [AMGN  Loading...      ()   ]

Genzyme [GENZ  Loading...      ()   ]

Celgene [CELG  Loading...      ()   ]

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