Gordon Reid, president, and chief executive officer of Goodreid Investment Counsel, has chosen some stocks that he thinks are promising.

While it is important to study the market so you can decide what stocks are aligned with your investment philosophy, it can be helpful to look at the picks of someone who lives and breathes the market.

 With that in mind, Reid’s picks are worth taking a look at.

American multinational aerospace and defense company Raytheon Technologies Corporation has its main office in Arlington, Virginia.

It is one of the largest aerospace, intelligence services, and defense firms in the world based on revenue and market capitalization.

 Aviation engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones are all produced by Raytheon Technologies.

 Additionally, the business is a sizable military contractor, with the American government accounting for a sizable amount of its revenue.

The firm was formed on April 3, 2020, as a result of an equal merger between the aerospace divisions of United Technologies Corporation (UTC) and the Raytheon Company.

Otis Elevator Company and Carrier Corporation were UTC’s non-aerospace subsidiaries that were spun out prior to the merger.

In the spring of 2020, Raytheon set forth its five-year objectives. Including attaining sales growth of 6-7% annually, considerably increasing margins, and producing more than $10 billion in free cash flow each year.

At the midway point, everything is going well. Due to the travel industry’s recovery, its commercial business is booming.

The McKesson Corporation is an American firm that distributes prescription drugs and offers tools for care management, medical supplies, and health information technology.

Over 78,000 people are employed by the business, which provides a third of all medications consumed in North America.

McKesson reported $238.2 billion in revenue for the fiscal year that ended March 31, 2021.

The Irving, Texas-based McKesson Company sells pharmaceuticals, medical equipment, and healthcare systems.

 Additionally, McKesson offers a vast network infrastructure for the healthcare sector, and it was a pioneer in the use of technology including RFID tagging, pharmacy robotics, and bar-code scanning for distribution.

The distribution of medications across North America is MCK’s main line of business.

The corporation is less susceptible to a strong U.S. dollar now that it has mainly left the European market.

Goodreid thinks there is plenty of room for capital appreciation at 15x profits and expanding at 10%+ yearly. In addition, in these difficult times, MCK’s defense skills are highly prized.

Healthcare facilities all throughout the country are served by AMN Healthcare Services’ workforce solutions and staffing services.

 As a cutting-edge total talent solutions partner, its managed services programs, or “MSP,” vendor management systems, or “VMS,” workforce consulting services, predictive modeling, staff scheduling, credentialing services, revenue cycle solutions, and the placement of doctors, nurses, allied healthcare professionals, and healthcare leaders into temporary and permanent positions

 This allows its clients to successfully reduce staffing complexity, increase efficiency, and lead the industry.

Nurse staffing is the area of expertise for AMN, a specialty healthcare recruiting firm.

Strong growth in revenues and profitability have been caused by nursing shortages and turnover.

 Although it is anticipated that demand for COVID-19 subsidies would decline, professional recruiters will nonetheless profit from the tight labor market and the lack of interest among people in pursuing careers in the healthcare industry.