BlackRock's (BLK) Vice Chairman and Chief Investment Officer of Global Equities Bob Doll says the best-performing sectors in 2009 will be healthcare, tech and energy.
In this video with Forbes StreetTalk, Doll says HMOs such as WellPoint Health Networks (WLP) are too cheap, due to overblown fears of possible legislation. Management of tech firms are far more conservative than they were during the dot-com bubble, and they have plenty of cash on hand - particularly Hewlett-Packard (HPQ) ("cutting costs, gaining market share"). And for those that want cylicality in the portfolio, energy stocks have been punished enough. Equilibrium oil price is $60-80. Stay with conservative big oil like ExxonMobil (XOM), Chevron (CVX), Marathon Oil (MRO), Apache (APA) and Anadarko (APC), he advises.
Here's the video.