These are the sectors best liked within defensive and cyclicals groups – Morgan Stanley

Written By Michael Gary Scott
May 05, 2025 10:20 AM ETThe Health Care Select Sector SPDR® Fund ETF (XLV), XLIBBH, XLP, XLY, PPH, PJP, GILD, PBI, LQDT, XBI, ATEC, XPH, ASTE, ICAD, STRL, DXPE, HURN, MYRG, PSIX, TGTX, BSEM, VTVT, CTMX, IBEX, XERS, SP500, XGN, NUTX, BTMBy: Monica L. Correa, SA News Editor
Five stacks of coloured coins arranged as a bar chart

Richard Drury

As investors remain cautious about the current state of the markets and economics, Morgan Stanley’s Mike Wilson explained his most liked trades within both cyclical and defensive sectors.

Health care (NYSEARCA:XLV) over consumer staples (XLP) for defensive hedges

Large-cap health

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