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Health Care

Apr 05 2019

Factor Performance: Has Anything Changed In 2019?

  • Apr 5, 2019

· From a factor performance standpoint, 2019 is looking a lot like 2018, with expensive Momentum names outperforming everything else and Value struggling.

Mar 06 2019

Sector Rankings

  • Mar 6, 2019

The top-three rated sectors are Health Care, Communication Services, and Consumer Discretionary. Scoring lowest in the latest rankings are Energy, Materials, and Financials.

Feb 07 2019

Sector Rankings

  • Feb 7, 2019

The top-three rated sectors are Communication Services, Health Care, and Consumer Discretionary. Scoring lowest with the latest ratings were Materials, Energy, and Industrials.

Jan 08 2019

Sector Rankings

  • Jan 8, 2019

The top-three rated sectors are Health Care, Communication Services, and Consumer Discretionary, with Information Technology dropping from the top-three. Rounding out the bottom end of the rankings, for the second consecutive month, are Materials, Energy, and Consumer Staples.

 

Dec 07 2018

Sector Rankings

  • Dec 7, 2018

For the sixth consecutive month, the top-three rated sectors are Health Care, Consumer Discretionary, and Info Tech. Rounding out the bottom end of the rankings are Materials, Energy, and Consumer Staples.

 

Oct 05 2018

Defensive Health Care Outpaces The Market

  • Oct 5, 2018

Recently, Health Care stocks have been making headlines as the sector rallies to new all-time highs. However, when we look at the sector via Leuthold’s proprietarily-built industry group composition—which has a more realistic market-cap weighting approach—the Health Care sector has been outperforming since the end of 2017, and YTD it is the #1 performing sector in our work.

Aug 07 2018

Sector Rankings

  • Aug 7, 2018

Following a seven-month stint as the highest-rated sector overall, Consumer Discretionary relinquished the throne to Health Care.

Oct 07 2016

Do Health Care Stocks & Elections Mix?

  • Oct 7, 2016

A look at Health Care groups’ historical performance both pre-election and post-election; we identify past trends of leaders and laggards in each period.

Mar 08 2016

Is Defense Overpriced?

  • Mar 8, 2016

Relative valuations of Staples and Utilities sectors already reflect a “flight to quality” effect. Investors looking to add some economic/stock market defense should focus on the cheaper Health Care groups.

Feb 05 2016

Info Tech, Financials, Health Care—Remain Top Three Rated Sectors

  • Feb 5, 2016

Among the bottom ranked sectors are Utilities, Materials, Energy, and Telecom Services. These four sectors have been the bottom four rated sectors for a minimum of eight months.

Jan 08 2016

Bridesmaid Sector Strategy

  • Jan 8, 2016

Our original research on price momentum dates back to the late 1960s, and was based not on asset classes but on equity sectors and industry groups. We stumbled upon the Bridesmaid effect, in fact, while testing a handful of simple strategies about a decade ago.

Nov 06 2015

Health Care Comes Down With A (Minor) Cold

  • Nov 6, 2015

A reversal in momentum, driven by the oil and commodity stocks’ rebound, caused investors to take gains from Health Care positions. We’re still big fans of Health Care and think recent weakness is more of a correction within a sector bull market than the start of a full-fledged bear.

Aug 07 2015

GS Score Sector Rankings, and Highlighted Attractive Groups

  • Aug 7, 2015

Health Care, Consumer Discretionary, and Financials are the top three rated broad sectors.

Jun 05 2015

Health Care & Consumer Sector Strength Explored

  • Jun 5, 2015

While we view the industry group selection as the most important decision, looking at the sector level rankings also helps us identify broad trends. Here we highlight the top two rated sectors, currently, which also represent a combined >40% weight in our Select Industries Portfolio.

Dec 05 2014

Gruber The Guru?

  • Dec 5, 2014

Last month’s tactless comments from MIT health care economist Jonathan Gruber contained an (accidental) investment nugget we’ve alluded to several times in the last three years (and, no, it does not relate to the “stupidity of the American voter” or investor).

Nov 07 2014

Biotechnology Now Attractive; Purchased In Select Industries

  • Nov 7, 2014

This group offers low correlation, some defensive qualities, and a dose of volatility. Health Care is now the top rated broad sector and we are overweight this sector in Select Industries Portfolio.

Sep 09 2014

A Clean Bill For Health Care Facilities - Group Purchased In August

  • Sep 9, 2014

U.S. demographic and economic trends coupled with meaningful expansion of the insured population should continue to support Health Care Facilities.

Apr 08 2014

Late March Reversal… And The First Shall Be Last

  • Apr 8, 2014

We examine the impact of March’s strong group leadership reversal on the top and bottom of our group model.

Apr 07 2014

Profit Margins At The Sector Level

  • Apr 7, 2014

All ten of the S&P 500 sectors recorded a sequential increase in four-quarter trailing net profit margins. But consider where sector margins stand today relative to their 25-year medians. Eight of ten S&P 500 sectors are recording profit margins well above their long-term medians.

Mar 07 2014

Health Care Strength... More Than Biotech?

  • Mar 7, 2014

Three groups currently rank Attractive in the GS Scores: Health Care Distributors, Managed Health Care, and Health Care Equipment.

Jan 08 2014

GS Scores in 2014

  • Jan 8, 2014

Looking forward, groups from the Information Technology, Health Care, Consumer Discretionary, and Financials sectors look appealing.

Jan 08 2014

Buy The Bridesmaid, Not The One Looking To Rebound

  • Jan 8, 2014

The investment leadership of a given year has historically had better-than-even odds of outperforming in the following year at both the asset class and equity sector levels.

Jan 08 2014

Stock Market Leadership In 2014: Large Caps, Tech, Health Care

  • Jan 8, 2014

Following a great year for trend-following, capitalizing on key reversals in sector performance will be important in winning the 2014 performance derby.

Dec 13 2013

All Indices Down, 32 Groups Up In Latest Week

  • Dec 13, 2013
Best Performing Industry Groups
Industry Group 1 Wk
Perf
4 Wk
Perf
YTD
Perf
Broadcasting 2.3% 0.3% 55.8%
Drug Retail 1.9% 1.3% 80.2%
Trading Companies & Distributors 1.7% 0.7% 30.1%
Casinos & Gaming 1.7% 3.8% 65.3%
Oil & Gas Refining & Marketing 1.6%
Dec 06 2013

The Stealthy Move In Health Care

  • Dec 6, 2013

Among the few things untouched by the Obamacare rollout are the rising relative strength patterns of most health care stocks.

Oct 08 2013

A Checkup On Managed Health Care

  • Oct 8, 2013

Despite continued question marks surrounding the effects of Health Care Reform, sentiment seems to have shifted for the better, and a number of broad industry drivers are trending in a promising direction. This group currently has three categories rating Excellent in our domestic group model.

Sep 10 2013

Group Models: Info Tech Tops Domestic, Financials Tops Global

  • Sep 10, 2013

Both models (particularly domestic) have a number of Attractive rated Information Technology groups and no Unattractive rated Tech groups. Financials’ domination of the Global Attractive range continues.

Sep 10 2013

Sector Margins: Just Thank The Consumer

  • Sep 10, 2013

We’ve noted before that profit margin gains since the technology boom have been primarily a Large Cap phenomenon.

Aug 06 2013

Health Care Distributors Purchased In Select Industries

  • Aug 6, 2013

Excellent scores in three of six model categories, plus it offers plenty of market cap and low beta relative to other Health Care groups. We think it will benefit from broad, long-term industry trends.

Aug 06 2013

Group Models Agree On Energy & Materials

  • Aug 6, 2013

But Information Technology rises to the top of the Domestic model, while the trend of Financials domination in the Global model remains intact.

Jul 12 2013

Domestic and Global Group Models: Strong Agreement On Financials

  • Jul 12, 2013

Our Domestic Scores have five Financials groups rating Attractive; these same five industry groups are Attractive in our Global model. In total, seven Financials groups rank Attractive in the Global model, with insurance groups looking particularly Attractive.

May 01 2013

Leadership: More Of The Same?

  • May 1, 2013

Market valuations and investor sentiment are a bit too inflated for our comfort, but the catalyst of the MTI’s drop to Neutral status two weeks ago was simply the action of the stock market itself. Specifically, we haven’t liked the disjointed nature of U.S. market action since about mid-March, where high-yielding and economically-defensive stocks have done the heavy lifting in the Dow and S&P 500 moves to all-time highs. This isn’t so much a change in leadership as an acceleration of an existing trend, and it’s now pronounced enough to weigh down a few of our technical measures.

Nov 06 2012

Mapping The Emerging Market Health Care Sector

  • Nov 6, 2012

We’ve published a series of research notes detailing our thoughts on the Health Care sector in Emerging Asia and formed a thematic group “Asia Healthy Tigers.” Even though most of the investable companies in Emerging Market Health Care are located in Asia, we decided to expand to other regions as well. 

Oct 04 2012

Market Dynamics: 2012 Sector Performance; Leverage Pays

  • Oct 4, 2012

In our framework, Health Care is the number one performer year-to-date by almost five percentage points.

 

Mar 04 2011

Thoughts On Asia Investing: Health Care—An Emerging Sector

  • Mar 4, 2011

Healthy Tigers is not a new exhibit at the zoo, but rather a new index of stocks that will benefit from expanding health care in emerging Asia countries, especially in China.

Aug 05 2008

Booster Shot Of Health Care...Activating Pharmaceuticals & Health Care Facilities

  • Aug 5, 2008

Initiating new portfolio positions in Health Care Facilities and Pharmaceuticals. Former Generic Pharma portfolio holdings now being rolled into the broader Pharmaceuticals group.

Jul 04 2006

Health Care's Top 20 Stocks

  • Jul 4, 2006

Highlight on the Health Care sector: Relative Valuations, Top Twenty Components, P/E Ratios, PSR, and Gross Profit Margins.

Jun 05 2006

Health Care's Relative Value

  • Jun 5, 2006

It is well-known that valuations for U.S. large-caps have compressed dramatically since their late 1990s heydays, and among all large-caps the cheapest of the cheap may be the health care stocks. 

Oct 05 2005

Insider Selling/Buying In Health Care Sector…..Has Proven To Be A Useful Guide

  • Oct 5, 2005

A look at the Insider Selling patterns of several Health Care related groups. As with Energy groups, there is some evidence that Insiders’ transactions can be useful in identifying tops and bottoms in specific industry areas.

Jul 04 2005

Advance/Decline Line & Price Line Divergences Offer Guidance

  • Jul 4, 2005

Using Breadth Dynamics to assess strength of small cap stocks versus large cap stocks within various broad market sectors: Health Care, Materials, Consumer Discretionary, and Energy.