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 .
Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
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 .
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.
Take a free trial.
No payment details required.
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.