3 famous health care stocks to sell
Blue chips in this sector can be poison pills for your portfolio right now, so a dose of caution is needed.
|
|
|
Health care stocks are seen as low-risk investments by many stock market investors. After all, folks will always get sick, right? While that may be the case, it’s an oversimplification to say that all health care stocks have a built-in customer base. In fact, the health care industry has seen a big shakeup in the wake of Obama’s health care reform bill, and not all stocks in this sector are adapting well.
To keep your portfolio in perfect health, here are 3 big-name health care blue chips to sell now.
Amgen Inc. (AMGN) is an independent biotechnology medicine company which focuses on human therapeutics and concentrates on medicines based on advances in cellular and molecular biology. For the past month, Amgen’s shares have been on the decline despite talk that the FDA is set to review its new drug Denosumab. Outlook is not favorable with a projected growth estimate in the red for next quarter.
Baxter International Inc. (BAX) through its subsidiaries, develops, manufactures, and markets products that save and sustain the lives of people with chronic and acute medical conditions. Baxter manufactures products in 27 countries and sells them in more than 100 countries. Baxter has been a disaster for investors this summer, down almost -30% in the past 3 months and recently being forced by the FDA to issue a recall of some 200,000 of its Colleague infusion pumps. Baxter is surely a health care stock you will want to think about purging from your portfolio.
For 8 more health care stocks to sell now, follow this link.
Related Articles:
MORE ON MSN MONEY
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
LATEST POSTS
Thanks to health-conscious millennials, this company is in fine shape.
FIDELITY VIEWPOINTS
- How to sell covered calls - Fidelity Investments
- Savvy year-end tax moves to consider now - Fidelity Investments
- Seven ways to prepare for tax changes
- Five reasons an annual review is crucial - Fidelity Investments
- Take a look at mid caps now - Fidelity Investments
- State of the sector: Health care - Fidelity Investments
VIDEO ON MSN MONEY
ABOUT
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.
