4 Dependable Healthcare Stocks to Buy Hand Over Fist Right Now -Breaking
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The healthcare industry’s long-term growth prospects are high thanks to increased investment, the integration advanced technologies and advances in clinical trial research. As this industry is historically known to have dodged market fluctuations, we believe fundamentally-sound healthcare stocks Merck & Co. (MRK), Novartis (NVS), Zoetis (ZTS), and Cerner (CERN) are ideal bets amid the surging market volatility.The healthcare industry has been witnessing rising capital inflows and investor attention over the past year, as evident from the Health Care Select Sector SPDR ETF’s (XLV) 18.2% returns over this period. Incentivizing healthcare companies to produce advanced, integrated medical devices and solutions as well virtual consultations and therapies is the result of the new COVID-19 variants being discovered.
Analysts and investors are expecting a near-term correction due to the historical high level of inflation, the supply chain limitations and the ongoing volatility within the wider market. The inelastic market demand for healthcare products will help industry players to generate substantial returns and mitigate current market risks. By 2022, global healthcare spending will reach $10.06 Trillion.
Given this backdrop, we believe it is wise to bet on quality healthcare stocks Merck & Co., Inc. (MRK), Novartis AG (NVS), Zoetis Inc . Cerner Corporation (NASDAQ) and (NYSE:) have the potential for solid returns as well as avoiding market volatility.
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