Even with the overall stock market struggling to post gains, there are always winners somewhere. Carter Worth reveals where!
If you watch Fast Money regularly, you know that Oppenheimer chief market strategist Carter Worth is a low key guy. And that’s he’s been bearish on the broader market, to say the least. So you might be interested to know he’s found a space that fills him with excitement – and he’s bullish!
“Something to focus on is healthcare,” Worth says on CNBC’s “Closing Bell.” But there’s a twist here. “Stay away from Big Pharma and be overweight in equipment device and supply companies,” he counsels.
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Three firms that he finds particularly attractive include Beckman Coulter, Stryker and Medtronic .
As you might remember, Pete Najarian and Guy Adami have already expressed interest in the space as a long term baby-boomer play. But Worth is on-board for different reasons.
“The device area is showing relative strength which is impressive and the sector is prone to innovation,” he says. And coming from Worth, that’s like a happy dance.
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Trader disclosure: On Sept 3, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (MSFT), (WMT), (UUP), (DIS); Macke Is Short (TM); Adami Owns (BTU), (C), (AGU), (GS), (INTC), (MSFT), (NUE); Finerman Owns (GS); Finerman's Firm Owns (MSFT), (NOK), (SUN), (TSO), (VLO), (JCP); Finerman's Firm Owns (AAPL) Calls, (JCG) Calls, (HUN) Calls; Finerman's Firm And Finerman Own (C) Leaps; Finerman's Firm Is Short (XLF), (IYR), (IJR), (MDY), (IWM), (SPY), (COF), (BBT), (BAC); Pete Najarian Owns (AAPL) And (AAPL) Collar, Pete Najarian Owns (EP) Call Spread, Pete Najarian Owns (ETFC), Pete Najarian Owns (FTO) Call Spread, Pete Najarian Owns (LEH) Put Spread And (LEH) Call Spread, Pete Najarian Owns (NOK), Pete Najarian Owns (SCHW) Calls, Pete Najarian Owns (WFMI) Put Spread, Pete Najarian Owns (XLF) And (XLF) Collar
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