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While markets have had a choppy week, 2019 has revealed some outstanding performers in certain underrated sectors. Technology and healthcare have been solid spaces to invest in, despite how the headlines might appear.
While markets have had a choppy week, 2019 has revealed some outstanding performers in certain underrated sectors. Technology and healthcare have been solid spaces to invest in, despite how the headlines might appear. “With respect to tech and healthcare, I think it’s pretty easy to say that both sectors are trading devoid of fundamentals.
The Health Care Select Sector SPDR (NYSE: XLV), the largest health care exchange traded fund by assets, is up a piddly 2.58% year to date. Said differently, the SPDR S&P 500 ETF (NYSE: SPY) is beating XLV by a margin of about 7-to-1. Whether it has been the Medicare For All debate or the push for lower drug prices, XLV and rival health care ETFs have been hammered on multiple political fronts this year.
Healthcare and biotechnology-related ETFs are taking a blow as drug-pricing reforms weigh on the sector outlook. The Health Care Select Sector SPDR ETF (XLV) fell another 0.6% and the iShares Nasdaq Biotechnology ETF (IBB) declined 2.0% in back-to-back selling on Thursday. The biotech segment and broader healthcare sector have underperformed the broader market as investors exited positions in response to growing discourse over policy proposals aimed at reducing drug prices in Washington, Bloomberg reports.
The Health Care Select Sector SPDR ETF (XLV) , the largest ETF dedicated to the sector, is up just 6% this year, putting it well behind the S&P 500 and other sector funds, but after lagging the broader market for more than eight months, healthcare stocks could be on the mend. Deutsche Bank analyst George Hill said many healthcare stocks are “Range-bound given the overhang of the 2020 election [as] investors fear the bogeyman of healthcare reform will finally emerge from the Washington DC cellar,” reports Teresa Rivas for Barron's. Previously, investors embraced healthcare stocks for the sector’s growth and defensive characteristics, providing investors with yields and valuations that are less stretched than other yield-producing stocks like utilities.
Declining interest rates and increasing speculation that the economy is slowing are among the factors pressuring financial services exchange traded funds. While the S&P 500's third-largest sector weight is scuffling, some analysts believe there is upside to be had with the financial services sector, a group almost universally viewed as a value destination. In a note out Tuesday, AltaVista Research tagged XLF with an Overweight rating.
Institutional investors and hedge funds have shifted away from technology names as the U.S.-China trade war extends and picked up battered healthcare names. Retail investors can also gain exposure to the ...
Bernard Tyson, Kaiser Permanente CEO & Steven Van Kuiken, McKinsey Senior Partner at Yahoo Finance All Markets Summit: Generational Opportunities.
How Bernard Tyson, CEO of Kaiser Permanente, says his California-based insurer is dealing with the power outages in the state.
Bernard Tyson, Kaiser Permanente CEO, and Steven Van Kuiken, McKinsey Senior Partner, discuss how government can improve the health care system in the US.
In a conversation with Yahoo Finance, Bernard Tyson, Kaiser Permanente CEO, and Steven Van Kuiken, McKinsey Senior Partner, talk about how innovation is rapidly improving health outcomes and making the health care system more efficient.
In a conversation with Yahoo Finance, Bernard Tyson, Kaiser Permanente CEO, and Steven Van Kuiken, McKinsey Senior Partner, talk about how millennials are not going to accept the way the health care system works today.
In a conversation with Yahoo Finance, Bernard Tyson, Kaiser Permanente CEO, and Steven Van Kuiken, McKinsey Senior Partner, discuss how the cost of health care for consumers have risen faster than inflation while innovation and technology have made the cost of care more expensive.
Bernard Tyson, Kaiser Permanente CEO, says we shouldn't just focus on the cost of health insurance for consumers, but also on the inefficiencies of care and inconsistencies in practice.
President Trump signed an executive order that his administration says will "protect" Americans from “Medicare for all" campaign proposals pushed by democrats. Ivan Feinseth, Tigress Financial Partners CIO, joins Yahoo Finance's Akiko Fujita.
Geopolitical tensions continue to weigh on investors as events like the September 14th attack on Saudi Arabia’s oil production test overall sentiment. Brandon Pizzurro, GuideStone Capital Management Portfolio Manager, joins Yahoo Finance's On The Move to discuss.
Victoria Fernandez, chief market strategist at Crossmark Global Investments, and Scott Clemons, chief investment strategist at Brown Brothers Harriman, join Yahoo Finance's Brian Sozzi, Alexis Christoforous, and Jared Blikre to discuss what's moving markets on Tuesday, Sept. 24. The panel tackles the housing market, Sen. Bernie Sanders' new wealth tax proposal, and more.
More than half (55%) of employees rate their own financial wellness as good or excellent, down slightly from a year ago, according to Bank of America's 2019 Workplace Benefits report. Lisa Margeson, Managing Director, Head of Retirement Client Experience, Bank of America, joins Yahoo Finance's Alexis Christoforous to discuss.