Opinions
Stan Wong
Ishares Trust S & P Global Healthcare Index
IXJ-N
PAST TOP PICK
Nov 23, 2022
(A Top Pick Nov 24/21, Up 0.02%) Flat, but still beating the S&P by a wide margin. Likes healthcare, it's his 2nd or 3rd largest sector weighting right now. Solid names with both defensive and growth characteristics. Nice dividend, too.
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COMMENT
Healthcare has been one of the spaces that has had very good earnings growth in the S&P and probably global as well. A very stable space. Probably a little bit of a stretch in terms of valuation. He tends to like some of the biotech names. Feels healthcare will continue to run because of the need to own something more secure and put into things that have a nice dividend. Very little volatility.
E.T.F.'s
TOP PICK
Healthcare has both defensive characteristics + growth attributes. Includes medical devices, pharma, medicare, biotechnology. Usually strong balance sheets with lots of cash, paving the way for higher dividends, share buybacks, and M&A activity. Aging population and growing middle class enhance prospects for healthcare. 70% is in US names. JNJ, PFE, Roche Holdings, ABT, UNH. Yield is about 1.1%.
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