Outlook 07

Money Managers Survey: Healthcare Looks Strong, Energy Weak

by cnbc.com staff

The new year is just around the corner, and CNBC’s survey of 19 money managers offers some clues where the economy will go – and where you should put your money.

Strategist Survey

The top strategists took on the big question: how high can the market go? Some 50% said the S&P 500 will hit 1550, and 22% were even more optimistic, calling for a rise to 1600. The S&P closed just shy of 1417 on Dec. 26

The U.S. economy, however, did not inspire glowing confidence. About 78% of respondents see slower growth in 2007, while only 17% said economic growth will match that of 2006. Driving this outlook in part: oil, which is predicted to average between $60 and $70 per barrel.

The money managers did not have a clear majority opinion on which sectors will be the most profitable for investors, but healthcare and financials tied as favorites – and they cited energy and materials as the likely worst performers.