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Healthcare stocks at an 'inflection point,' analyst says

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Johnson & Johnson,Earnings Growth,Healthcare Sector

Earnings for healthcare companies have declined for six straight quarters. But analysts have a more positive outlook going into second quarter earnings.

Healthcare stocks rebounded in July, but they're still underperforming the broader market year to date."We are really at an inflection point," Ford Pitt Capital Group chief investment officer Dan Eye told Yahoo Finance. "Analysts are expecting very strong earnings growth for this quarter, and the picture should even improve in the coming quarters and into 2025."

Eye also described demographic trends, such as the increase in the population over the age of 65 and rising healthcare spending, as establishing a foundation for sector growth. A Pregnant Woman Was Forced To Sit In A Meeting While In Labor, And Her Coworkers Are Now Blaming Her For Reporting The Boss NEW YORK -Global equity indexes mostly fell on Wednesday as possible U.S. trade curbs on chip equipment pulled tech stocks lower, while Treasury yields and the dollar both hit four-month lows as Federal Reserve officials indicated the central bank was getting closer to cutting interest rates. The Japanese yen rose sharply, in a move suspected to be the result of the latest in a series of interventions from Tokyo to boost the long-depressed currency. A U.S.

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