Health-care stocks keep getting hammered — Wall Street says this is why

Shares of health-care services companies took another beating Wednesday, as the evolving political climate on health care, including calls for lower drug prices and “Medicare for All” plans, continued to weigh heavily on Wall Street sentiment.

Wednesday’s selloff was led by medical-care services company DaVita Inc. DVA, -7.72% insurer Anthem Inc. ANTM, -3.62% and drug company Alexion Pharmaceuticals Inc. ALXN, -8.05% Health insurers like Anthem and peers UnitedHealth, Humana Inc. and Cigna Corp. CI, -3.67% have fallen substantially in the year to date.

Health-care facilities and managed care companies could face “temporary downside risk,” analysts at J.P. Morgan said in a Wednesday note to clients. Health-care services company HCA Healthcare Inc. HCA, -2.07% shares have fallen 11% in the year to date, though Tanquilut of Jefferies called the sell-off “overdone.”

Earlier this month, Walgreens stock plummeted 12% after the company reported second-quarter earnings that missed expectations, while lowering its full-year outlook. At the time, Chief Executive Stefano Pessina called the period “the most difficult quarter we have had since the formation of Walgreens Boots Alliance,” citing declining generic drug prices and lower reimbursements from payers.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Guggenheim says next recession will be less severe — but the ensuing stock market fall will be brutalEven though the next recession is likely to be shallow, stock-market investors will nurse some hefty losses in the next downturn, says Guggenheim
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

These stocks may bounce when there's a trade deal, Wall Street analysts sayAnalysts say these stocks could benefit from a trade deal There is no trade deal No deal. China will not keep it anyway. Good time to move the supply chain. Tariffs are taxes by government on consumers !
Fuente: CNBC - 🏆 12. / 72 Leer más »

Stock futures higher | Chevron to Buy Anadarko Petroleum | Banks report earningsStock futures are indicating an opening rally, as Wall Street tries to register another positive week.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Bank earnings; Tesla announcements; Uber IPOToday’s top business headlines with ChristineRomans before the opening bell on Wall Street: ChristineRomans I hope my blockbuster video stock is doing ok. ChristineRomans Opportunity Zones attracting private sector $$s revitalizing depressed areas. Prison Reform Act working; Right to Try giving patients hope; parents happy with tax credit doubling. unemployment lowest since 1969. ChristineRomans A deficit only means that the government got less money to fund the BS that doesn't affect anyone's life outside the beltway. For example, why are we spending millions of tax payer dollars on the Endowment of the Arts again?
Fuente: CNN - 🏆 4. / 95 Leer más »