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.

By InvestorPlace Jul 21, 2010 12:50PM
By Louis Navellier, Editor, Blue Chip Growth

 

 

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.


Becton, Dickinson and Co. (BDX) is a medical technology company engaged in the development, manufacture and sale of a range of medical supplies. In an industry boasting some impressive growth estimates for this quarter, Becton Dickinson’s estimates don’t measure up. BDX has failed to impress so far this year especially since April, when the shares had since began the more than -10% decline in return that has made this stock one to unload now.


For 8 more health care stocks to sell now, follow this link.


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