The healthcare sector is a safe bet in the low-growth market environment, especially names like Cerner (CERN) , Express Scripts (ESRX) and Intuitive Surgical (ISRG) , said Greg Woodard, senior analyst at Manning & Napier. "Healthcare is a secular growth industry that is less tightly tied to economic growth," said Woodard. "And it's the beneficiary of persistent themes like cost containment and quality improvement that will be at play irrespective of political changes."
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.