Healthcare stocks
Hi I feel I am a little over weight with health stocks , I hold RMD , SHL , CSL and yet at the current price of RMD and CSL I feel I should be buying more any thoughts as to the best of these? Thanks Glenn .
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Answer
Hi Glenn,
We’ve already mentioned a few times this week that we like CSL Ltd (CSL) around $240 hence today I’ve focused on ResMed (RMD).
Sleep dis-order company RMD has struggled over the last 6-months along with most growth stocks however short-term after correcting 20% we believe RMD has entered an accumulation area – note, in the bigger picture we are sticking with our outperformance by value over growth outlook through 2021 / 22.
So, short answer is MM likes RMD into weakness below $24 but we wouldn’t be going “all-in” as the current trend is clearly down.
