- Options Trading: One Airline Stock May Zoom
- Rally May Take Dow Back to 12,000: Investor
- Hot Options Trading: What It Says for SanDisk
- Stock Picker: My Best Contrarian Play
- Stock Picker: No Place Like Home (Builders)
- Najarian on Options: A Bullish Move on BP
- Stock Picker: Ride the Bat Out Of Hell
- Holland's Bear Advice: Buy the Survivors
- Analyst Picks: Three Resilient Retailers
- Ford Options Rev on Possible Volvo Deal
- Wall of Shame: Fortress Investment's Wes Edens
- Cramer to Geithner: Let FDIC Chair Keep Her Job
- Lightning Round: Boeing, Medtronic, Agrium and More
- Lightning Round OT: Continental, Amylin Pharma and More
- Sell Block: Cramer's Solution for Mortgage-Backed Paper Mess
- Toll Brothers CEO's Housing Outlook
- Making Money Off M&A
- Your First Move For Friday December 5th
- Web Extra: Fast & Furious Trades For Friday
- Commods, Banks Drag Euro Stocks Down
- European Stocks to Open Sharply Lower
- Toshiba to Briefly Halt Chip Output on Weak Demand
- Boeing Mulls Pushing Back Dreamliner Deliveries
- Chief Executive Quits Australian Publisher Fairfax
- Asian Markets Wobble on Gloomy Economic Outlook
- Motor Racing-Honda Pulls Out of Formula One
- Job Cuts Picking Up Steam Just in Time for Holidays
- Pros Say: Bear Market Rallies = New Reality
Text Size 
Of all the places to put money to work in Europe, the pharmaceutical sector is the most promising, a technical analyst told CNBC Thursday.
"The health-care sector is in a downtrend, as well as the overall market, but from a relative strength perspective, you see a relatively nice uptrend since the peak of the equity market last May," Edward Loef, technical analyst at Theodoor Gilissen Bankiers said when analyzing the chart for Dow Jones Stoxx Health Care index and the Dow Jones Stoxx 600.
Swiss drug makers like Novartis and Roche, and France's Sanofi-Aventis are the best defensive stocks to invest in, Loef said.
"Novartis is in an uptrend, and it's a 'buy' from a fundamental technical perspective," he told "Squawk Box Europe".
The DJ Stoxx Health Care sector was down 1.3 percent on Thursday, with all three companies trading in the red.
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes