Scott Bleier: It’s Time to Hide Out in Health Care Stocks
Scott Bleier of Create Capital.com loves contrarian plays. Last time he was on Breakout was early July. At that time Bleier suggested adding three European stocks, getting long, and diving straight into the teeth of one of the periodic moments when Europe seemed near the abyss. If you listened to him and invested in Astrazenica (NYSE:AZN), ABB Ltd (NYSE:ABB) and Total SA (NYSE:TOT), you made money on all three. If you ignored Bleier, you get another shot; he’s back and this time he’s going into healthcare (NYSEARCA:XLV).
With healthcare central to the presidential race, most investors are taking a wait and see approach to the space. Though he thinks an Obama victory is a lock “unless the stock market crashes about a week before the election” Bleier really doesn’t care.
“Do you think governments around the world are going to stop spending on health care?” he questions.
See the full “Breakout” interview below: