Buy Defensively on Market ‘Dips’: Strategist
CNBC.com Writer
Despite the continuing market rally, Rob Morgan of Clermont Wealth Strategies suggested that investors should still remain cautious.
“I wouldn’t get caught up too much in the euphoria,” Morgan told CNBC. “I would be buying on dips. And I would stay with more defensive bets here.”
(Click here to see what Alec Young of Standard & Poor's recommends...)
His defensive bets include the following sectors:
Large Caps
Growth
Healthcare
“Stocks are so cheap that the expectations are so low that we will start to see some upward traction,” said Morgan on the health care sector.
“Some of the areas like biotech and HMOs look somewhat attractive,” he added.
Disclosure:
Disclosure information for Rob Morgan was not immediately available.
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Top HMO Companies:
McKesson
AmerisourceBergen
Cardinal Health
AmSurg
Coventry Health Care
