Investors Favoring Technology and Health Care Stocks

In this week’s Sentiment Survey special question, we asked AAII members which industries or sectors they think are attractive buying opportunities in the current market environment. Some of the respondents gave more than one answer.

More than one out of four respondents (27%) name the technology sector, while 17% favor the health care sector. This compares to 7% of respondents who say that they think the energy sector is an attractive buy opportunity and 7% of respondents who say that they are looking at precious metals.

Other sectors and industries include consumer staples (named by 5% of respondents); utilities (named by 3% of respondents); financials (named by 3% of respondents); consumer cyclicals (named by 3% of respondents); and pharmaceuticals (named by 3% of respondents).

Here is a sampling of the responses:

• “Things are fairly or overpriced in the current market environment, but health care, consumer staples and utilities look the best right now.”
• “Individual security selection is more important in this market environment. That being said, I like technology, health care and consumer discretionary the best.”
• “I think the market is way ahead of itself and I am not a buyer at the moment, but I may buy a little more gold and/or silver.”

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