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The markets got off to a rough start on Inauguration Day, but Brent Wilsey predicts a honeymoon on Wall Street as Barack Obama moves into the White House.
"When I feel the optimism today, how excited everybody is, I think he will have some honeymoon here," the president of Wilsey Asset Management told CNBC.
Recommendations:
So who's going to benefit from the new order of things?
"I would look at steel companies, like US Steel [X
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], looks very good, plus you're paying very low prices for these companies right now," he said.
"Solar's a good play, and I do like health care; one company I like there is Health Net [HNT
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]."
Disclosures:
Disclosure information for Brent Wilsey was not immediately available.
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