Although the health care industry is not immune to a sluggish economy, the sector presents some attractive opportunities, said Carl McDonald, a senior analyst at Oppenheimer & Co.
“As bad as the market has been, the health insurers are down about 60 percent this year on average,” he said. “Beyond insurance, I think you have seen some companies that either have monopolies on drugs or some players with particular products.”
McDonald is bullish on Humana , Aetna and WellCare .
“The one that I like the most there is Humana; I think that’s going to be a great stock into 2009, mainly because the company has a tremendous amount of cash,” McDonald said.