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2 Strong Buy Healthcare Stocks to Buy on the Dip By StockNews

by Mike Robinson

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© Reuters. Two Strongly Buy Healthcare Stocks You Can Buy On The Dip

Despite the COVID-19 crisis highlighting the importance of the health industry, many chronic illnesses will mean that it will likely continue its growth after the crisis. We believe it is a smart move to invest in the quality stocks of healthcare companies Agilent (A) or UnitedHealth (UNH). They both have a ‘Strong Buy’ rating in our proprietary rating system. Keep reading. The healthcare sector should prosper for the future thanks to the government’s efforts in vaccinating their citizens against the disease. The sector has the potential to expand with increased investments in research and breakthroughs that treat many chronic diseases.

The industry will continue to expand due to the increasing healthcare demands of an aging population. Statista estimates that the United States will have spent 18% on its GDP in healthcare by 2020. This spending is set to rise this year.

So, we think it could be wise to add quality healthcare stocks UnitedHealth Group Incorporated (NYSE:) and Agilent Technologies, Inc. (NYSE:) to one’s portfolio now. These companies’ shares are trading below their 52-week highs but have significant upside potential. Furthermore, these stocks are rated ‘A’ (Strong Buy) in our POWR Ratings system.

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