The stock-investing chief overseeing $235 billion at Charles Schwab breaks down his surprisingly bullish call on the market's least favorite sector

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Omar Aguilar, CIO for equities at Schwab's investment management business, says he's bucking the Wall Street trend of avoiding an unloved area.

Omar Aguilar oversees $235 billion in assets as Charles Schwab's chief investment officer for equities and multi-asset strategiesOmar Aguilar oversees $235 billion as chief investment officer for equities and multi-asset strategies at Charles Schwab Investment Management. He's bucking the Wall Street trend that has left healthcare stocks in the dust in 2019.

But Omar Aguilar, the chief investment officer for equities and multi-asset strategies at Charles Schwab Investment Management, says the sector has a great deal to offer — and that Wall Street is failing to appreciate it. Aguilar acknowledges those concerns, but says they're not something investors should focus on right now. There are a wide variety of drug and health care proposals circulating in the political system, and it's not clear if any of them can pass now, or if that can happen even if pro-reform Democrats win full control of the government in 2020.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer breaks down why you should prepare for more market pullback'I am pretty sanguine about this market longer-term, but the disciplined thing to do right now is to raise a little cash, prepare for a pullback' to do more buying, Jim Cramer says. How many times do you have to be wrong before you're exposed as a fraud?
Source: CNBC - 🏆 12. / 72 Read more »

Rack 'Em Up, Driverless Cars Surprisingly Will Be A Boon For Auto Repair MarketContrary to some that falsely believe that self-driving driverless cars will undercut the auto repair business, instead there will be a boon for car maintenance and repairs as the autonomous cars get used day and night, undergoing tremendous wear and tear. Until we start building automated repair centers. Clogging the roads, filling parking spaces, losing money. When you are home you are home. Not so the autonomous vermin.
Source: Forbes - 🏆 394. / 53 Read more »

Rack 'Em Up, Driverless Cars Surprisingly Will Be A Boon For Auto Repair MarketContrary to some that falsely believe that self-driving driverless cars will undercut the auto repair business, instead there will be a boon for car maintenance and repairs as the autonomous cars get used day and night, undergoing tremendous wear and tear. Especially the body shops! Yea it sure will be a boom when they blow the repair shops up !!! Haha!!!
Source: Forbes - 🏆 394. / 53 Read more »

Top-performing fund manager who takes big risks says stay invested in US stocksMargaret Patel, manager of Wells Fargo Asset Management's Diversified Capital Builder fund, says her secret is a simple one. Capitalists use corrupt politicians and a police state to enforce slave labor and suppression of organizing by consumers and workers. Makes it easy for the born wealthy to become wealthier for doing nothing to earn it. Capitalism Enjoy
Source: CNBC - 🏆 12. / 72 Read more »