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Investors can benefit from certain health care companies that will be boosted by the stimulus package, said Les Funtleyder, health care strategist of Miller Tabak.
“We’re just looking at fundamentals rather than macro,” he told CNBC. “We’re looking specifically at the genetic analysis space like the Illuminas and Luminexes of the world.”
Funtleyder Likes:
Illumina [ILMN
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UnitedHealth [UNH
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“We also like the vaccine and diagnostic companies,” said Funtleyder.
Vaccine-Maker Picks:
Novartis [NVS
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Sanofi-Aventis [SNY
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GlaxoSmithKline [GSK
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Luminex [LMNX
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However, he said investors who are worried about risk should avoid the long-term care facilities.
Disclosure:
Funtleyer does not own shares of any of the companies mentioned above.
Data is a real-time snapshot *Data is delayed at least 15 minutes