Their solid earnings and low valuations should help healthcare stocks going forward.Healthcare stocks aren't having a great year, but Bank of America says it sees signs that the tide is going to turn.
Head of US Equity and Quantitative Strategy Savita Subramanian wrote in a recent note to clients that healthcare outperforms about 70% of the time during a downturn, beating the S&P 500 by 4.6% on average during those periods. Subramanian said there are five major points in favor of the sector today, starting with its historic performance during downturns. She also wrote that the sector is stable and defensive, and it's putting up strong earnings growth.
Health Health Latest News, Health Health Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Bernard Arnault's LVMH legacy resembles 'Succession'There's a real-life 'Succession' drama playing out among the children of Bernard Arnault, the world's richest person and head of luxury behemoth LVMH
Source: BusinessInsider - 🏆 729. / 51 Read more »
Peter Thiel says he'll be frozen after death, but doubts it worksBillionaire Peter Thiel says he's signed up to be frozen and preserved when he dies so people can revive him in the future — if the tech even works
Source: BusinessInsider - 🏆 729. / 51 Read more »
Pitch deck: AI startup Papercup raised $20M to help media go globalCheck out the 18-page pitch deck that AI startup Papercup used to raise $20 million and help media and entertainment companies reach new global audiences
Source: BusinessInsider - 🏆 729. / 51 Read more »
The US added 253,000 jobs in April, unemployment rate at 3.4%Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
TikToker built 7-figure tax business after strugglingInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
San Francisco's downtown Union Square store closures since 2020Store closures are hitting Downtown San Francisco as office vacancies and fears of crime are on the rise. Here's the full list of retailers pulling out of the city's downtown neighborhood.
Source: BusinessInsider - 🏆 729. / 51 Read more »