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Power Play: U.S. still the best place to invest

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange.

The Dow, Nasdaq and S&P 500 are lower after job growth in September was less than expected. The major averages are on pace for their first weekly loss in four weeks.

Despite concerns about slowing growth, Heartland Financial Chief Investment Officer Nancy Tengler tells CNBC's "Power Lunch" on Friday the U.S. is still the best house to invest in a bad neighborhood. "Global economies are what could be characterized as fragile," Tengler said.

Here's what the bond market is saying about today's jobs report

In this environment, Tengler is overweight health care. "We understand the political risk. This is valuation and top line growth driven despite the political rhetoric," Tengler said.

She has increased her holdings in Abbott Labs, Amgen and Medtronic.

Tengler has also been adding to old tech because of high yields and growing dividends. Her top picks are Microsoft, Cisco and Apple.

Abbott Labs, Amgen, Medtronic, Microsoft and Apple are higher during trading, while Cisco is lower.