LIVE MARKETS-With rate cuts coming, MS backs healthcare as hedge
I'm PortAI, I can summarize articles.
Morgan Stanley strategist Mike Wilson recommends healthcare as a defensive investment amid macroeconomic uncertainty, particularly as rate cuts are anticipated. He notes that large-cap healthcare stocks have low market-cap weight in the S&P 500 and favorable forward PE ratios. Positive earnings revisions in pharma, biotech, and healthcare services suggest improving fundamentals. Despite maintaining a neutral sector rating, Wilson emphasizes healthcare's potential, especially biotech, during rate-cutting cycles, while acknowledging existing policy risks.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments