THE BULL MARKET IN HEALTH CARE CONTINUES
For medical device makers, the big trend is up. That’s what today’s chart shows.
Longtime DailyWealth readers know health care stocks have kicked into a major uptrend.
For several years now, our colleague Dr. David Eifrig has encouraged readers to own shares of Big Pharma stocks.
This tailwind has carried many Big Pharma stocks to new all-time highs in 2012.
Today’s chart shows medical device and equipment makers have also joined the bull market.
Medtronic (MDT) makes everything from pacemakers and heart valves to bone grafts and insulin pumps. Baxter (BAX) makes systems for treating patients with a range of conditions, including hemophilia and kidney disease.
As you can see in the chart, after surging more than 20% over the past four months, Medtronic (black line) and Baxter (blue line) just broke out to fresh 52-week highs.
The long-term uptrend in health care is still intact.
– Larsen Kusick
Source: Market Notes