5 Stocks Immune to Europe's Problems

Alaska Air

U.S.-based carrier Alaska Air(ALK) flies to destinations which are limited to the United States, Canada and Mexico. To a great extent, Alaska Air has a virtual lock on air travel to and from Alaskan destinations. The travelers to or from Spain, Portugal, Italy, Greece, Germany, France of the other EU nations is quite small on Alaska Air.

The company is also one of the few and most profitable airlines in the U.S. Fuel prices are declining, and Americans are traveling more than ever, especially by air.

I also featured Alaska Air recently in "7 Value Stocks to Buy in Facebook's Wake."

UnitedHealth Group

UnitedHealth Group(UNH) is one of the largest health care plan operators in the U.S. Unlike many other insurance companies which offer a wide variety of other insurance and investment products which can be impacted by the financial markets, UnitedHealth focuses entirely on health care plans including pharmacy benefit management.

Revenue and earnings per shares will grow at high single-digit percentage rates. The stock sells at 11 to 12 times current-year earnings. You don't have to worry about what happens in Greece or Spain. The real wild card is how the U.S. Supreme Court will rule on the Obamacare lawsuit.

I am expecting the law will be nullified in whole or part. If that happens, the health care providers should benefit and we can get back to a health care system based on competition rather than government-mandated regulations.

To see these stocks in action, visit the 5 Stocks With Exclusive Exposure to North America portfolio.

-- Written by Scott Rothbort in Millburn, N.J.