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Stock impact report

Top Manager Continues Taking Money Out Of Tech Stocks [Forbes]

WELLCARE HEALTH PLANS (WCG) 
Last wellcare health plans earnings: 10/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.wellcare.com
Company Research Source: Forbes
New sector leadership is emerging as the Tech sector's slide continues. Getty Fund managers who only invest in Tech stocks will be the last people to recommend you get out of Tech stocks. To assess the Tech sector's attractiveness, I have been speaking with Wayne Himelsein, a Marketocracy manager who has been in and out of Tech stocks for the past 18 years. After another down week for Amazon, Apple and Nvidia, it is becoming clear that Wayne is steering us in the right direction. Ken Kam : Almost two months ago, you started moving out of Technology and into some new sectors. Looks like you were right to sell some Tech stocks. Wayne Himelsein : Yes, in October I started looking for sectors that were showing signs of strength during this recent weakness that indicate taking the reigns of leadership. My initial favored focus was on drugs & biotechnology, and to that, I now want to add, healthcare, and more specifically, my new gem find, WellCare Health Plans Show less Read more
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