⁍ Julian Emanuel, chief equities and derivatives strategist at BTIG, predicts a number of healthcare stocks will outperform in the coming months.
⁍ He put together a list of ‘Value Rx’ stocks, all of which are down year-to-date and since the S&P 500 index’s momentum slowed on June 6, but which are also expected to have positive earnings in 2020.
– It’s been a rough year for the stock market as a whole, but one group in the S&P 500 has actually fared better than most: health care. The group is up 0.7% for the year as of this writing, while the S&P is off 0.4%. But that might be because investors are worried about what a Joe Biden presidency might mean for health care, writes Julian Emanuel at BTIG in a recent client note. “We believe markets overestimate a Biden presidency’s desire to radically change ObamaCare,” he writes. “It’s not just that VP Biden was an instrumental player in getting the landmark ACA legislated into being, it’s that he’s said ‘If you like your health care plan, you can keep it’ as recently as 7/13.” Emanuel has put together a list of 19 stocks he thinks will do well in the coming months based on their expected earnings growth.
Source: https://www.businessinsider.com/stock-picks-to-buy-19-healthcare-companies-election-outcome-btig-2020-7