|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||182.95 - 185.57|
|52 Week Range||154.63 - 203.31|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.03|
|Expense Ratio (net)||0.43%|
With the government shutdown now in its fourth week (the longest ever) and 800,000 federal workers on furlough, the risk of recession has increased significantly.
The health care sector spent much of 2018 as the strongest performer across the market. For investors looking to take part in the health care sector, one of the easiest and most popular options is an exchange-traded fund (ETF). Given the popularity of the health care sector ETF space and the relative success of this corner of the financial world, there were several health care ETFs which were among the top performing ETFs overall for 2018.
While there have been losers in most corner of the space, several ETFs still managed to end the year in green and are likely to continue outperforming in 2019 too.
This article is a part of InvestorPlace’s Best ETFs for 2019 contest. Todd Shriber’s pick for the contest is the iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF). For InvestorPlace.com’s Best ETFs contest for 2019, my pick is the iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF).
On November 29, Centene’s (CNC) stock price closed at $141.94, which is ~4% growth from its close of $136.19 on November 23. Centene’s stock price grew from $100.88 at the close of the market on December 29 to $141.94 at the close of the market on November 29, which reflects ~41% YTD (year-to-date) growth.
On November 29, United Health Group’s (UNH) stock price closed at $282.55, which is ~8% growth from its close of $261.62 on November 23. United Health Group’s stock price increased from $220.46 to $282.55 when the market closed on November 29, which reflects ~28% YTD (year-to-date) growth. On November 29, United Health Group hit its 52-week high of $285.45.
Health care stocks were some of the strongest Wednesday, when the market flashed a bottoming signal, making iShares U.S. Health Providers[ticker symb=IHF] one of the best ETFs to invest in the sector's strength.
Healthcare stocks and sector-related ETFs strengthened Wednesday as a divided midterm election result would obstruct any progress in repealing the Affordable Care Act, or so-called Obamacare. With the Democrats taking over the House of Representatives and Republicans widening their majority lead in the Senate, Congress won't be able to take another stab at overturning the 2010 Affordable Care Act, which extended health insurance cover to millions of previously uninsured Americans. Furthermore, Voters in Idaho, Utah and Nebraska voted to expand Medicaid while several of the winning gubernatorial candidates also favor expanding Medicaid benefits, ABC News reports.
Strong earnings results from healthcare giants are supporting a rally in the defensive sector-related exchange traded funds. On Tuesday, the Health Care Select Sector SPDR (NYSEArca: XLV) gained 2.5%. ...
Healthcare was the best-performing sector of the third quarter, jumping 14.1% - its highest quarterly gain since the first quarter of 2013.
DaVita (DVA) reported revenues of ~$2.9 billion in the second quarter of 2018, which is a 6.9% YoY (year-over-year) growth compared to $2.7 billion in the second quarter of 2017. DaVita reported 6.9% growth in its top line to $2.89 billion, including an 11.1% growth in revenues from US dialysis and related lab services to $2.57 billion, offset by a 17.7% decrease in revenues for other ancillary services and strategic initiatives in the second quarter of 2018. Medicare and Medicare Advantage revenues were $1.5 billion in the second quarter of 2018, a 16.2% growth compared to $1.3 billion in the second quarter of 2017.
The healthcare sector and related ETFs have been among the best performing defensive plays this year as strong earnings and potential Trump administration actions on drug pricing drew greater investment ...
Cigna Group (NYSE: CI) agreed to acquire Express Scripts Holdings (NasdaqGS: ESRX), but healthcare sector-specific exchange traded funds remain relatively muted. For instance, the iShares U.S. Healthcare ...