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BUY
Healthcare is his biggest sector. HC is seeing the classic shift to defensives as inflation peaks. Also, HC trades at only 18x while utilities and staples trade at 21x, so it's the cheapest defensive. He owns Pfizer, UNH and Regeneron. UNH's revenue and EPS beat recently. Healthcare has so many tailwinds, including again demographics. He likes preventative healthcare and UNH's position here. HC is fine in the late cycle. There's still to the upside here.
medical services
COMMENT
Even the poorer consumer is still spending and consumers as a whole are taking on more credit card debt. These are positives. Market sentiment has been too negative, too mired. The economy is still healthy. The consumer is a giant driver of GDP group in the U.S. Coming weeks will see corporate earnings and offer more insight.
BUY
COMMENT
The bad news for megatech is that they haven't gone down as much as the wider market. Those tech ones that have held up the best sp far, eventually fall down. True, Meta and Netflix are down by half. Last quarter, Amazon reported negative sales and might again. Note that 18% of Apple's business comes from China, so what is the impact of China's lockdowns? Will other consumer plunk down that much money for a notebook amid this economy. The headwinds are real, but we are close to ending this bear market.
electrical
electronic
