Even though it's predicting the end is near, it's not a good idea to push money to the sidelines.
"The market is trading quite elevated," said Marc Pouey, BofA Merrill Lynch's senior U.S. equity strategist. "But I think underneath the surface there are quite a few opportunities out there."
"Two of the glaring areas for me are financials and in health care which are both trading at a discount to the market here," he said."We've seen over 10 percent dividend growth in the space. They're also buying back their stock very, very aggressively," added Pouey. "They're rewarding shareholders from that perspective."
"If you look back over the last three years or so, consistently — every single quarter — health care delivers top-line and bottom-line beats outside maybe a couple of quarters. They are really delivering the goods there," said Pouey.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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