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Healthcare sector at an 'inflection point': Strategist

The healthcare sector may be moving towards a bounce back as the The Health Care Select Sector SPDR Fund (XLV) hit an intraday record on Friday and remains at a high point for the year.
Fort Pitt Capital Group chief investment officer Dan Eye joins Market Domination says the healthcare space is headed towards an "inflation point." He says that companies' returns are normalizing after seeing a boom stemming from the COVID-19 pandemic. Eye is bullish on the space arguing "analysts are expecting very strong earnings growth for this quarter and the picture should even improve in the coming quarters and into 2025. And the sector trades at a very reasonable valuation, a pretty significant discount to the overall S&P 500 as well."
Watch the video above to hear why Merck (MRK) and UnitedHealth Group (UNH) are two of Eye's top healthcare picks.
#stockmarket #news #youtube
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Пікірлер: 15

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    Ай бұрын

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    @nononnomonohjghdgdshrsrhsjgdАй бұрын

    This is exactly where AI comes into play. Healthcare is the right place for AI in every way. Human capital is completely inferior in this area: from drug development to simulations to robots as healthcare workers. Both coordinates can only be improved with AI. And that's also the reason why Nvidia has a future despite every made-up threat from China. The demand for AI in medicine, with or without China, is so great that the only way for Nvidia is forward.

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