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Power Play: Presidential election winners

Republican presidential nominee Donald Trump (L) and Democratic presidential nominee former Secretary of State Hillary Clinton during the town hall debate at Washington University on October 9, 2016 in St Louis, Missouri.
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Republican presidential nominee Donald Trump (L) and Democratic presidential nominee former Secretary of State Hillary Clinton during the town hall debate at Washington University on October 9, 2016 in St Louis, Missouri.

Stocks are selling off on Tuesday due to rising uncertainty about the presidential election. But one market veteran says health care can perform well under a Clinton or Trump presidency.

Heartland Financial Chief Investment Officer Nancy Tengler tells CNBC's Power Lunch on Tuesday she believes the sector is oversold.

"Overall we expect that when the political rhetoric subsides investors and politicians will once again recall that pharmaceutical innovation not only saves lives but lowers overall health care costs," Tengler said.

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She has been adding to health care on dips and one of her top picks is medical device maker Medtronic.

Tengler also sees opportunities outside of health care.

"Technology remains a modest overweight and we continue to add to holdings," Tengler said. A name she likes in tech is Harris Corporation.

Medtronic is lower during trading, while Harris is higher.