Terry Shaunessy
SPDR S&P Health Care Equipment ETF
XHE-N
WATCH
Sep 21, 2018
Medical equipment companies have had a fabulous year. It’s not going to blow up, but the good news are already baked in, so it won’t beat the market. If you like you might want to keep at eye on, could step in on a pullback but not right now.
Pharma and private insurers are the most vulnerable during the US election campaign. Healthcare is a target of politicians over high costs. Hold off on US healthcare stocks for now. Also, the US dollar has been strong, so American companies like XHE face a headwind selling their products abroad.
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Medical equipment companies have had a fabulous year. It’s not going to blow up, but the good news are already baked in, so it won’t beat the market. If you like you might want to keep at eye on, could step in on a pullback but not right now.