Are you among the throngs of investors attempting to gauge the temperature of the Supreme Court and what they’ll say about the individual mandate?
Top investors Kris Jenner, of the T. Rowe Price health sciences fund says there’s a better way to trade.
Forget the individual mandate – that is the controversial part of Obamacare that would compel people to buy health insurance.
Instead, he’s identified 3 stocks that win, no matter how the court rules.
First Jenner suggests long positions in Amerigroup and Centene as beneficiaries of changes in Medicaid.
“One element that we think is going to grow is the overall expansion of the Medicaid program for indigent individuals. There are many states that are going to outsource care of this population to companies such as AGP and CNC," Jenner says.
Both companies are mid-caps. If you prefer something bigger, Jenner says his favorite name is United Healthcare.
“It’s the largest of the HMO’s – and they have wave after wave of new and thoughtful products and innovations relating to what really ails this country – bringing health care costs down and improving outcomes.”
Jenner says “it’s best positioned for whatever happens. And with this stock you can sleep at night.”
Posted by CNBC's Lee Brodie
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Trader disclosure: On June 25, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova is long VRTS; Terranova is long MCD; Terranova is long PNC; Terranova is long USB; Terranova is long TCBI; Terranova is long SBUX; Terranova is long WMB; Terranova is long SJM; Terranova is long UPL; Terranova is long WFM; Terranova is long AAPL; Terranova is long EMC; Terranova is long NXPI; Terranova is long LPX; Terranova is long SNDK; Terranova is long IBM; Terranova is long CNX; Terranova is long HYG; Terranova is short Mini S&P Futures September; Terranova is short Mini Russell Futures September; Najarian short (PBI); Najarian has long call spreads FB; Najarian has long call spreads MMR; Najarian has long call spreads ARNA; Najarian has long call spreads CF; Najarian has long call spreads POT; Najarian is long DDMG; Najarian is long COGX; Najarian is long CBOE; Najarian is long CME
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