NEW YORK (TheStreet) - U.S. stocks are flat on Thursday, but health care stocks are shooting higher after the U.S. Supreme Court upheld tax subsidies for the Affordable Care Act.
In particular, this has sent hospital stocks soaring higher, a group that Stephen Weiss, founder and managing partner of Short Hills Capital Partners LLC, called attractively-priced on CNBC's "Fast Money Halftime Report." Hospitals are the single biggest beneficiary of the Affordable Care Act, he said.
"Almost everything in this sector is just absolutely on fire -- all these stocks continue to work," said Josh Brown, CEO and co-founder of Ritholtz Wealth Management. Investors should stick with health care, as biotech, pharmaceutical and hospital stocks all continue to move higher.
It's also hard to sell out of cyber security stocks, since each new hacking announcement leads to a rally for the group, Brown said. If investors have yet to long though, they should wait for a pullback.
According to Steve Koenig, an analyst at Wedbush Securities, FireEye still has "plenty of upside." He initiated the stock Wednesday with an outperform rating and $63 price target, saying the company is a leader in its industry and is "extremely well-positioned" as the number and severity of hacks continues to grow. He's also bullish on Proofpoint (PFPT).