I'd like to present two sectors I think could have a profitable run this year.
Healthcare stocks like JNJ, ABT, BMY and pharmacy benefit managers like Medco have been recent benefactors of the institutional money. I do add a note of caution here, though. The current healthcare debacle currently going on in Washington DC could take this sector under. However, even if the healthcare reform bill gets signed, you'll want to look at health services companies like Medco or SXC Health Solutions (MHS or SXCI) because they will still benefit greatly.
Within the Tech sector, the chipmakers have been performing well recently. The chipmakers could be recipients of a much needed "refresh" cycle as businesses move to upgrade their current computing, storage or networking hardware. Take a look at companies like CY, MU, STX or AMD.
On another note: We're getting to close to options expiration Friday (next week). Expect some volatility. As always, be cautious.
Obligatory disclaimer: Past results do not guarantee future performance. The suggestions above are simply suggestions and the blogger is not liable for any losses incurred as a result of actual investment activity on the part of the reader.
Happy Trading!
Queen of Charts
Thursday, March 11, 2010
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