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(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) The stock market just got through two big hurdles this week in the producer prices and consumer prices reports, and is now rallying into a Wednesday Federal Reserve decision in which the central bank is expected to cut rates by at least a quarter point. Investor Tim Seymour is looking for pockets of unloved stocks to scoop up during this window before the Fed decision, in anticipation of a broadening of the market. He’s also looking at areas such as banks in which share repurchases are expected to be robust. “The Fed is your friend now,” said Seymour, chief investment officer of Seymour Asset Management and manager of the Amplify CWP International Enhanced Dividend Income ETF , in the CNBC PRO video. He thinks UnitedHealth looks attractive here. The stock got a boost last month when it was revealed Warren Buffett’s Berkshire Hathaway bought a stake in the company. Health care has been “uninvestable seemingly for a while,” said Seymour, but that is changing now. “UNH, which is a monster stock in terms of the market cap and terms of where it could be in portfolios, I think gives investors opportunity. J & J continues to execute … I’m long both of these stocks,” said Seymour. “I know that at a time when we see market broadening, we can definitely feel that health care could be part of that,” he added. Seymour, a panelist on CNBC’s Fast Money , also touched on: Banks as another unloved area for investors to look for buys Which banks domestically and internationally he owns How buybacks will increase following the Fed rate cut, benefiting the banking sector and others (See the full video above.)
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