Three stocks to buy for a health-care comeback

  • 📰 CNBC
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Health-care stocks are trailing the S&P 500, but investors could find profits in some medical device plays, says stock-picking expert Matt Maley.

div > div.group > p:first-child"> After leading the market in 2018, health stocks are trailing the S&P 500 this year, with the group up only 6 percent this year versus the S&P's 11 percent gain, but one stock picker sees three ways to play a potential resurgence in the space.

Boston Scientific struck Maley because of its notably positive action in recent months, with shares up over 25 percent since their late-December lows.Danaher's recent announcement that it will purchase General Electric's biopharmaceutical business has lifted its stock, which Maley said was"breaking out" regardless of the news.

"Now, all these names are a little bit overbought on a near-term basis, so they might have to take a breather," Maley said."But I just think it shows that, after this big run, that we're going to have to be more selective in the health-care group and, really, in all the groups."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

how come those health-care companies will be survive under Democrat socialist agenda ? 😎

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These Three Things Are Contributing To China's Bullish Stock MarketShort renminbi positions are unwinding. Stimulus is picking up. And now mainland China stocks are way overbought. Polluting the earth and their people? Eating weird foods that are not cheeseburgers or pizza
Source: Forbes - 🏆 394. / 53 Read more »