Mutual Fund Center
Fund Manager Reed Picks 'Obama' Stocks
The new president's love of technology -- just try and take that Blackberry away from him -- is a prime reason for Reed's decision to own shares of hospital back-office provider Cerner(CERN).
"Cerner is an IT provider taking advantage of the digitization of health care," says Reed. "They take all the paper out of the hospital and pharmacy. And they have experience with national health-care programs after fulfilling large contracts in England." As for the future of large pharmaceutical companies under an Obama administration, Reed expects more mega-mergers like the $68 billion deal that is bringing together Pfizer(PFE) and Wyeth(WYE). "Companies will be putting huge packages together because they know formularies (lists of drugs paid for by health plans) are coming along," says Reed. "What better way to face the government than to say, 'If you are not going to put us on the formulary, then there are only going to be two of us left.' "TheStreet Premium Services
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