BlackRock's (NYSE: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 (NYSE: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 (NYSE: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 (NYSE:XOM), Chevron (NYSE:CVX), Marathon Oil (NYSE:MRO), Apache (NYSE:APA) and Anadarko (NYSE:APC), he advises.
Here's the video.