7 Health Care Stocks to Buy for Robust Returns
If you are looking to diversify your portfolio away from trade-war jitters and earnings volatility, consider the highly lucrative healthcare sector.
Most of the sector's companies don't fall under the tariffs being threatened on all sides. Indeed, the health care sector - as measured by the Health Care Select Sector SPDR (XLV) - is the third best-performing sector so far in 2018, behind technology and consumer discretionary stocks. From a breadth perspective, health care trailed only technology as of mid-July, with 67% of its components posting gains since the start of the year.
Another attractive feature is healthcare's "pop" potential - prices can surge on the back of positive clinical trial data or key regulatory approvals.
However, prices can plunge just as quickly if data or decisions disappoint. That's why investing in the healthcare sector requires some savvy analysis first. TipRanks market data can help, as it allows you to tune into the experts' takes.
Here are seven promising healthcare stocks to buy, according to Wall Street's pros. Each
Although Breidenbach's price target of $76 falls below the consensus, it still represents significant upside potential of 77%.You’re reading a preview, subscribe to read more.
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