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How Will a Debt Deal Affect Your Portfolio?

Are lawmakers taking aim at stocks in your portfolio? As investors keep an eye on the nation’s capital to see if a debt deal is struck, many are wondering how that deal could affect stocks most exposed to government cutbacks.

It turns out healthcare has the most exposure to government spending, according to a note from Goldman Sachs. It also found names in industrials, tech and materials who receive 20 percent or more of their revenues from Uncle Sam.

Company% of Sales to Gov't
Lockheed 97%
Humana79%
Becton Dickinson68%
St. Jude67%
Motorola Solutions65%
Oshkosh49%
United Health 35%
Xerox30%
Dell27%
Fluor23%
Cisco22%


Terranova believes the note highlights the fact that whatever happens in August with the debt debate, the implications will be felt deep into 2012.

The name that most interests Terranova is Dell , which gets 25% of its revenues through government sales. “That’s a name to me that’s overvalued,” he said.

With health care being most exposed, trader Karen Finerman said medical device companies and hospitals are probably feeling the pressure.

But at least one of the stocks on this list is one that should be owned, according to trader Guy Adami. He likes Becton Dickinson , even though he believes its within a whisper of its all time high.

“You can knock it on valuation, I guess,” he said, “but I still think that, even with what we said just now, BDX is a name you should look at to own at some point.”




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Trader disclosure: On July 11, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Terranova owns (XOM); Terranova owns (HAS); Terranova owns (DIS); Terranova owns (WFM); Terranova owns (LULU); Terranova owns (MSFT); Terranova owns (TM); Terranova owns (JWN); Terranova owns (MCD); Terranova owns (PEP); Terranova owns (MA); Terranova owns (BX); Terranova owns (GS); Terranova owns (DAR); Terranova owns (CAT); Terranova owns (VRTS); Terranova owns (AAPL); Terranova owns (F); Terranova owns (CVI); Terranova owns (IBM); Terranova owns (FCX); Terranova is Chief Market Strategist of Virtus Investment Partners, LTD; Finerman's Firm And Finerman Own (AAPL); Finerman's Firm owns (BAC) leaps and Finerman Owns (BAC); Finerman's Firm owns (JPM) leaps and Finerman Owns (JPM); Finerman’s Firm owns (GOOG); Finerman’s owns (IBM); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (SPY); Finerman's Firm Is Long S&P 500 Puts; Finerman's Firm Is Long Russell 2000 Puts; Weiss owns (JPM); Weiss owns (HBAN); Weiss owns (CMA); Weiss owns (KEY); Weiss owns (COP); Weiss owns (DVN); Weiss owns (HK)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of Building Materials Holdings
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LHO)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of Sun Pharmaceutical Industries Ltd
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (RLI)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of Domino's Pizza UK & IRL PLC


CNBC.com with wires.

Symbol
Price
 
Change
%Change
BDX
---
4331
---
CSCO
---
FLR
---
XRX
---
UNH
---
MSI
---
BSX
---
STJ
---
HUM
---
LMT
---

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