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Wells Fargo Says Buy Cyclicals, Avoid Healthcare Stocks in 2014

Investors in 2014 should buy industrials, cyclicals and technology and stay away from healthcare and utilities.

Wells Fargo Advisors' Senior Equity Strategist Scott Wren likes sectors that will benefit from the global economic recovery in 2014. Wren says investors should buy industrials, cyclicals, technology, and consumer discretionary stocks for at least the next year. Investors should stay away from defensive sectors which will not benefit from the economic recovery such as health care and utilities. TheStreet's Ruben Ramirez has details from Wall Street.

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