At Extreme Investor Network, we believe that now is the perfect time to consider health-care stocks as a potential investment opportunity. According to Wolfe Research, the health-care sector has recently experienced a pullback, making it a prime opportunity for savvy investors to enter the market.
Technical analyst Rob Ginsberg pointed out that the Health Care Select Sector SPDR Fund (XLV) has shown signs of a relief rally, indicating a potential reacceleration back towards the sector’s highs. Additionally, with many health care stocks offering attractive dividend yields, there is an added incentive for investors to consider this sector.
To help investors navigate the health-care sector, CNBC Pro screened for stocks in the S&P 500 health-care sector with a dividend yield of 1.5% or more. One standout stock is Abbott Laboratories, which offers a 1.9% dividend yield and has seen positive earnings and revenue growth in recent quarters.
Another promising stock to consider is Becton, Dickinson and Company, which offers a 1.6% dividend yield and has nearly 16% upside potential according to analysts. With a focus on medical technology, Becton is positioned for long-term growth in the health-care sector.
Health insurer Cigna is also worth considering, with a 1.6% dividend yield and nearly 13% upside potential. Despite facing challenges such as legal disputes, Cigna has shown resilience and remains a strong player in the health-care industry.
Lastly, Merck & Co. is a global health-care company with a 2.8% dividend yield and nearly 26% upside potential according to analysts. With a strong portfolio of prescription medicines and recent positive trial results, Merck is poised for continued growth in the health-care sector.
Overall, the health-care sector presents unique opportunities for investors looking to diversify their portfolio and capitalize on the potential for growth and income. Stay tuned to Extreme Investor Network for more insights and recommendations on investing in the ever-evolving world of finance.