Riding the strength in Pharma with PPH & IXJ ETFs
By Yaser Anwar, CSC of Equity Investment Ideas
After a prolonged sideways performance during the first half, the pharma sector had a strong rally in recent months, which mimicked investor rotation to recession resistant drug stocks with robust second quarter profits, and improving prospects over the coming quarters.
Pharmaceutical companies like J&J, Merck, AstraZeneca, and Novartis have solid sales growth and rising stock prices.
Investors can bet on this sector with exchange traded funds such as: iShares Global Healthcare (IXJ) & the Pharmaceutical HOLDRs Trust (PPH), both ETFs hit a new high this month.
http://www.equityinvestmentideas.blogspot.com/
After a prolonged sideways performance during the first half, the pharma sector had a strong rally in recent months, which mimicked investor rotation to recession resistant drug stocks with robust second quarter profits, and improving prospects over the coming quarters.
Pharmaceutical companies like J&J, Merck, AstraZeneca, and Novartis have solid sales growth and rising stock prices.
Investors can bet on this sector with exchange traded funds such as: iShares Global Healthcare (IXJ) & the Pharmaceutical HOLDRs Trust (PPH), both ETFs hit a new high this month.
http://www.equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 4:33 AM
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