CVS, Home Depot Will Shine This Holiday Season Says Wells Manager

CVS and Home Depot will be two of many retailers set to benefit in coming months from lower energy costs and a growing economy, said Margie Patel, Senior Portfolio Manager for Wells Capital Management. Patel added that CVS will also be the beneficiary of continuing positive trends in the healthcare sector which will once again grow faster than GDP. She said shale-related companies will be able to withstand the drop in oil prices due to their low cost acreage and lean production teams. Finally, Patel is bullish on high yield because of the strong economy and low default rate.