3 Leading Healthcare Stocks To Buy Now
MarketBeat.com | Dec 19, 2021 12:29AM ET
It’s been difficult for investors to trust most areas of the market lately during a very volatile period of trading, yet there are still some sectors that have been holding up well. For example, healthcare stocks have been a bright spot amidst market weakness and could be some of the better performers as we head into 2022. This sector is always worth a look from long-term investors, as the healthcare industry accounts for more than 10% of the GDP of most developed countries and should follow a nice growth trajectory over the next decade.
These stocks are also very attractive thanks to their defensive qualities and their dividends, which could be a big reason why so many are catching a bid in the current market environment. If you’re interested in some of the leading healthcare stocks to buy now, keep reading below for an overview of 3 standouts.
h2 Eli Lilly And Company/h2First up is Eli Lilly and Company (NYSE:LLY), a major player in the pharmaceutical industry and one of the top picks to consider in the healthcare sector at this time. The company focuses on developing and manufacturing therapies to treat pain, diabetes, cancer, and neurodegenerative diseases and recently hosted an impressive investor day that sent shares soaring to new highs. What really stood out during the event was the fact that CVS Health is also worth a look at this time after the company recently announced that it is raising its annual dividend payment by 10% to $2.20 and planning to buy back $10 billion in shares next year. This marks the first instance of a dividend increase or a share repurchase program since 2017, which tells investors that the company is certainly heading in the right direction. Finally, the fact that the company also boosted its full-year earnings forecast is yet another reason to consider adding shares at this time.
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