Stock picks for a slowing economy

Amid weakness in emerging markets around the world, a disappointing jobs report on Friday topped off concerns that growth in the U.S. could be slowing.

The report showed 142,000 jobs were added in the U.S. last month, steeply short of economist expectations of about 200,000.

Read MoreUS Treasury yields plunge amid jobs report; 10-year yield under 2%

However, one strategist says that some stocks are safe from the slowing of the U.S. economy, namely the health-care providers.

Erin Gibbs, chief equity investment officer of S&P Capital IQ, said several health-care names like AmerisourceBergen and McKesson are at "really attractive entry points," from being oversold.

"We still have good expectations for health-care growth, they're still going to do well regardless of what the GDP does," Gibbs said Friday on CNBC's "Trading Nation."

AmerisourceBergen and McKesson have both taken a tumble in the last three months, and ended the week down 5 percent and 3 percent, respectively.

Alternatively, Phillip Streible of RJO Futures said he's watching for commodities, such as metals and agriculture products, to get a boost.

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If you're truly believe that growth is slowing, "you start looking at the 'world's gotta eat'-type premise," Streible said Friday.

That would make corn, soybeans, wheat and cattle several safe bets.

"There are a lot of commodities out there that are going to benefit, regardless of what the economy does," he said.

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Trading Nation is a multimedia financial news program that shows investors and traders how to use the news of the day to their advantage. This is where experts from across the financial world – including macro strategists, technical analysts, stock-pickers, and traders who specialize in options, currencies, and fixed income – come together to find the best ways to capitalize on recent developments in the market. Trading Nation: Where headlines become opportunities.

Michael Santoli

Michael Santoli joined CNBC in October 2015 as a Senior Markets Commentator, based at the network's Global Headquarters in Englewood Cliffs, N.J.  Santoli brings his extensive markets expertise to CNBC's Business Day programming, with a regular appearance on CNBC's “Closing Bell (M-F, 3PM-5PM ET).   In addition, he contributes to CNBCand CNBC PRO, writing regular articles and creating original digital videos.

Previously, Santoli was a Senior Columnist at Yahoo Finance, where he wrote analysis and commentary on the stock market, corporate news and the economy. He also appeared on Yahoo Finance video programs, where he offered insights on the most important business stories of the day, and was a regular contributor to CNBC and other networks.

Follow Michael Santoli on Twitter @michaelsantoli

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