“A lot of these companies are working on a solution to the problem,” said Walter Todd, chief investment officer with Greenwood Capital in South Carolina. “We can debate what it means to them ... monetarily, but perception-wise they are viewed as a safe haven because of that.”
The purchases added to the firm’s overweight position in healthcare, although it has pared its sector holdings during the recent outperformance, Todd said.
More like pump and dump.
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