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Health Care, Financials, Fiscal Cliff and Stocks

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    Surevest Capital Management CEO Robert Luna gives tips for investing in the markets.

  • Duration 3:09
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-- well BI RS releasing new rules on new taxes designed to help pay for obamacare is that want to help or hurt.

Health care sector stocks join me now from Phoenix is Robert Lindsay.

Prevent capital.

Managed -- what do you say concerned about the health care sector.

Well you know I guess that -- depends on what part of the health care sector you're looking at it's kind of a bifurcated market.

If you're looking at the operators like HCA and -- and well I think they'll more than likely benefit from this from the standpoint of the people that are coming into the hospital now are gonna have you know the ability to pay -- based off of obamacare so the debt burdens -- -- be reduced.

But if your medical device makers like Stryker and Medtronic god they're going to be getting hit because that dobbs this bill's going to be -- for.

By two point 6%.

Tax that's being levied on them.

Ultimately though the Biggest Loser is the consumer looking at what price Waterhouse have to say they're going to be paying 4000 dollars a year more in the next seven years for their health care coverage to help offset this.

And the medical devices won gold at costs as well being think and the regulators think everything that's a great point Robert.

-- also they also ask about another sector that's the financial sector -- this is exclusively reporting.

At a once again JPMorgan is -- the cross hairs of a senate committee this is Carl Levin a senator from Michigan and we got curious if you're concerned about financials now I know you've never liked the sector in the past.

But I'm wondering if this is bad news in your opinion for the group overall.

Yet we we've been really avoid in the group I'm the only way we've been playing the financials for the last two years now has been through their credit card insurers.

Visa Mastercard American Express.

The big money center banks like you said a -- of the cross hairs for awhile.

But Dodd-Frank isn't even -- back you know just barely over a quarter of the way -- written and I really they'll think now the current administration Scott Brown.

Lose a -- losing his seat Elizabeth Warren I think the rest of that regulation is not going to be favorable.

You know I just see a lot of headwinds -- we're we're avoiding the financials altogether -- just.

We just thought that -- been appointed a senate banking that's gonna be yeah good times from banks and then those those curtains overall.

Let me ask you about this is well I know that you are not a big technology.

Investor at the same time -- -- -- -- -- weird movement an apple you know many say that apple has been selling off -- been -- out because the dividend issue the dividend tax issue.

But you might apple and you're sticking without also -- biggest concerns are are overblown that we're just we're too worried about the dividend.

Yet you know why do you like apple I'm if you take the lowest estimates on the street right now for apple next year the stock's trading a little bit over thirteen times next year's earnings and I think just like you said I'm with the tax increases coming up next year Apple's been one of the biggest gainers out there for people I'm so what you're seeing right now is about a profit taking.

I know some -- came out today instead that he -- thought that dot apple to drop fifty to 70% over the next couple years it's I think absolutely ludicrous and really had nothing to support that so if you haven't owned apple you missed out on the big run up I think this is a great opportunity step into the name.

-- you also like Disney as well Robert thank you very much Robert wanna come out of Phoenix they can't.

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