Better Weight Loss: 4 Healthcare Stocks to Gain as Coronavirus Threat Looms Large

Covid-19 has spread to countries like Italy, Israel, South Korea, Austria, Switzerland, Croatia and Iran. In fact, healthcare officials have hinted that the virus has potential to be a global pandemic, which is enough to scare investors.

In the United States, the market has been witnessing turmoil, enough to push major benchmarks to close in the red. On Feb 25, the S&P 500 Index dropped 3%, the Dow fell 3.2% and the Nasdaq Composite closed 2.8% lower. Investors’ fear is quite evident as the fear-gauge CBOE Volatility Index’s (VIX) increased11.3% to close at 27.85, clearly indicating panic.

What’s more? On Feb 25, top U.S. health officials said that the spread of coronavirus in the country appears to be inevitable and also issued warning that conditions could be “severe.” This is pushing investors to purchase traditionally safe haven assets like gold, which touched a seven-year high.

Covid-19 has not only disrupted business and everyday life in China but has also spread to various countries. The death toll has risen to seven in Italy, Iran has reported 16 deaths so far and nearly 100 cases of infection.

Per a recent report, Nancy Messonnier, director of the Centers for Disease Control and Prevention (CDC) National Center for Immunization and Respiratory Diseases, mentioned that the agency expects to see more cases in the United States. The country so far has 57 reported cases that include 40 people who had been repatriated from the Diamond Princess cruise ship.

Bruce Aylward of the World Health Organization (WHO), who headed an international expert mission to China, in his report warned that other nations were “simply not ready” to contain the outbreak.Officials have requested countries globally to “prepare for a potential pandemic.”

Coronavirus has caused 2,715 fatalities and infected more than 78,000 in China so far. Infections in South Korea have crossed 1,000, along with the first suspected case recorded in Latin America. With no cure available yet, the threat of the outbreak becoming a pandemic remains.

Healthcare companies globally are trying to find a cure and contain the outbreak. Given the spread of Covid-19, healthcare stocks seem to be a prudent investment as the potential discovery of a cure could lead to huge gains. We have picked four healthcare companies, each carrying a Zacks Rank #2 (Buy), which are working on developing treatment for the recent outbreak.

the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.” data-reactid=”29″ type=”text”>The company’s expected earnings growth rate for the current year is 67.5% compared with the Zacks Medical – Biomedical and Genetics industry’s projected earnings growth of 8.1%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The company’s expected earnings growth rate for the current year is 75.1% compared with the Zacks Medical – Drugs industry’s projected earnings growth of 12.1%.

The company’s expected earnings growth rate for the next quarter is 23.3% against the Zacks Medical – Biomedical and Genetics industry’s projected earnings decline of 73.5%.

The company’s expected earnings growth rate for the current year is 46% compared with the Zacks Medical – Biomedical and Genetics industry’s projected earnings growth of 8.1%.

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?

Last year’s 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

source https://betterweightloss.info/4-healthcare-stocks-to-gain-as-coronavirus-threat-looms-large/

Better Weight Loss

Wednesday, 26 February 2020

4 Healthcare Stocks to Gain as Coronavirus Threat Looms Large

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