May 1, 2024

Wealth Management

Opportunities in Uncertain Times

A depressed stock market holds profits for investors who can overcome their fears.

Barbara Miracle | 10/1/2008

 There are three areas that are screaming buys right now: Healthcare, financials and technology.

Clive CholertonClive Cholerton
Spectrum Assets (a division of United Capital Financial Advisors)

Managing director, Boca Raton

Assets under management: $100 million ($10 billion for United Capital Financial Advisors)

Minimum investment: Typically $500,000

What he likes: Cholerton’s focus for the healthcare and financial sectors is high-dividend distressed stocks. Top of the list in healthcare are pharmaceuticals such as Merck and Pfizer. For the financials, Cholerton says he likes JPMorgan Chase, Goldman Sachs and Merrill Lynch. For 2009, he’s looking to tech stocks in alternative energy, data storage and software.

What he doesn’t like: Oil and international equities

Tags: Banking & Finance

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