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Biggest Names in Business Share Forecasts

Bill Miller, Legg Mason

Bill Miller, manager of the Legg Mason Value Trust (LMVTX), recently revealed his positive outlook for the coming quarter at a press conference in Hong Kong. Now that the health care reform has been approved, Miller expects cheap U.S. health care stocks to perform well in the coming months.

"The political benefits of the health care reform will come first, and the more painful aspects such as higher taxes will come later, so cheaper healthcare stocks will do better in the next few months," he said.

"Given how strong the market has been in the last month, I would not be at all surprised to see the U.S. market pull back in a 3% to 5% range, and I'd be surprised if it's more than that," he said. "But the outlook is quite positive in the U.S." He favors technology and financial companies because of their valuations, and he is looking to "low quality" and "very cheap" technology companies to help the economic recovery process.

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