Why this is perfect time to buy health-care stocks, one financial advisor says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 72%

Eli Lilly And Co News

Johnson & Johnson,Vanguard Health Care Index Fund ETF Shares,Pfizer Inc

The market pro offered two names and one ETF to consider picking up.

Health care shouldn't be overlooked as a place to buy amid the current market turmoil, according to Jamie Cox, managing partner at Harris Financial Group. The broader market has pulled back in recent weeks as investors grow cautious that the Federal Reserve will not cut interest rates as early, or by as much, as they had hoped. Cox said traders can pick up good companies at low prices in this environment, while others sell without rhyme or reason.

He added that the sector could be entering a time like the 1990s, when there were big leaps in drug delivery innovation/. In particular, he pointed to Novo Nordisk and Novartis as good investment ideas. On the other hand, Cox said he doesn't like Pfizer as much. U.S.-listed shares of both of his picks have diverged this year. Demark-based Novo has slid more than 2% this month but is still up by more than 20% in 2024.

 

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