Trading Nation

Stock picks for a slowing economy

What to buy if growth slows

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.

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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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