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Current DateTime: 10:58:03 24 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Dec.26
11:33 AM ET
Friday, 26 Dec 2008
Sector Picks: The Coming Leaders
Posted By:Andrew Fisher

Jim Iuorio of TJM Institutional Services says he's glad to see the holiday calm settle over the markets, and he's spotted some sectors he believes will lead the markets out of the abyss. 

"Normally, as traders, we love volatility, but right now, calm is completely welcome," he told CNBC. "We want stabilization as things start grinding higher again; the longer we can put between when things were at the lows over a month ago, the better people can feel about trickling back in."

Recommendations:

Iuorio is convinced that banks [.DJBNK  Loading...      ()   ] and  financial services [.DJUFI  Loading...      ()   ], which led the markets down, will not be the ones to lead the way back up.

"I think people are going to be a little bit 'once-bitten, twice-shy' on those," he said.  "I think it's going to come back to things that are a little bit off the radar, things like health care [.DJUHC  Loading...      ()   ] and technology [.DJUST  Loading...      ()   ]."

Disclosures:

Disclosure information for Jim Iuorio was not immediately available.

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