News Formal

Healthcare stocks show their defensive allure in ailing market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

The coronavirus pandemic is throwing a spotlight on stocks in the U.S. healthcare sector, home to the companies that could develop treatments, vaccines and improved diagnostics needed to tackle the greatest public health crisis in a century.

“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.

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:

 /  🏆 2. in US
 

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

More like pump and dump.

United States United States Latest News, United States United States Headlines

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

Here Are 10 Stocks Beating The Coronavirus Bear MarketHere are 10 stocks beating the coronavirus bear market: by skleb1234
Source: Forbes - 🏆 394. / 53 Read more »

Australia stocks drop about 3% as second quarter continues its rocky start for marketsStocks in Asia were set to trade lower at the open on Thursday as markets globally continue their rocky start to the second quarter. Hey we are sick people s long as people are dying we must pray Ask no questions of IMPOTUS. Sit like crickets and wait for the physicians.
Source: CNBC - 🏆 12. / 72 Read more »