On the spending front, back-to-school shopping was only the tip of the iceberg. With the holiday retail season fast approaching, these companies should enjoy tremendous top- and bottom-line growth. As I wrote recently, the upcoming holiday shopping season should provide a big jolt to the economy — and to specialty retailers, tech stocks and others.
As for health care, biotech and pharmaceutical stocks continue to develop incredible cures that save patients and improve their quality of life. While some sleepy Big Pharma stocks continue to face patent expirations, on the other side of the coin are the innovators coming up with new medications — or efficient ways to crank out generic drugs at rock-bottom prices.
These two sectors are your best bet for blue-chip stocks right now. And if you’re looking for specific picks, here are my five favorites: