HCA Healthcare (HCA)

He likes it a lot. It is very well run and provides needed services with positive trends happening for these services. It has a big outpatient component which he uses himself.

Buys back a lot of shares, reducing shares by 44% since end-2015. It hit new all-time highs last month and is up 628% over 10 years.

He's been recommending this post-Covid, because it's been benefitting from the huge bounce back in medical procedures that were delayed. HCA just made a new all-time high. But last Friday it reported a shocking top and bottom line miss. Is down 13% in the past week, but this is an opportunity. HCA missed only slightly, not the end of the world. Hurricanes hit revenues by $200-300 million and 60-90 cents per share, a one-off impact. HCA reaffirmed its full-year forecast, though

It is the largest hospital operator in the U.S. It is a defensive stock with consistent revenue but not consistent costs. It will continue to have issues with this and he wants to see more visibility on costs. It executes well.

(A Top Pick Aug 13/15. Down 11.51%.) This has been dead quiet over the course of the last year. It had a lift through November-February, and then basically has consolidated ever since. The group is actually starting to look quite interesting. The sector has been improving from a relative strength standpoint, since June. This could still be a Buy at these levels.

Healthcare has been a big focus of his. This is the largest hospital management companies in the US, even if only 5% of the market, so there is lots of room for growth. The US population is aging. This is a steady, non-economically sensitive company.