As interest rates in the U.S. rise, investors can put their money to work by looking at certain companies in the S&P 500, says venture capitalist Kevin O’Leary.
— also leave little optionality for people, O'Leary said. This is why he said he would focus on equity markets, and buy shares of companies that have"some semblance of pricing power."
"It's the most tenable, it's the most protective of capital. Equities still perform in inflationary times … you may argue that it's not enough pricing power, but it's way better than the long bond. And it's certainly better than cash right now."Asked where investors can find the most compelling returns in the current market, O'Leary narrowed it down to energy and health-care stocks.
"I think energy has been a real bellwether in terms of providing dividend yields, some of these stocks and now up to 7, 8, 9%," he said. "People are concerned about what's going to happen to the price of oil. But Russia being sanctioned will probably maintain prices where they are here. [And] there's more production coming on in the U.S.""A lot of biotech companies have been crushed by the correction, but they are really going to maintain a lot of growth," O'Leary said.
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