Tuesday's election eliminated some uncertainty around health-care reform, but the market is still undervaluing several firms in the sector, say Morningstar's Alex Morozov and Matt Coffina.
Even if the NIH is drastically cut, we don't see a doomsday scenario for these companies, and some of the industry's stronger players are now trading at attractive valuations.
Morningstar markets editor Jeremy Glaser sizes up the scenarios on the fiscal cliff, health-care reform, Fed policy, bank regulation, and more following this week's election.
Four offerings deemed to be right for right now.
Obamacare will benefit some sectors more than others, but poor economy and pricing pressures are the biggest challenges most health-care firms must face.
Morningstar hosted its second ETF Invest Conference Sept. 22-23 in Chicago.
Morningstar analysts see pharmaceuticals as 2010's hot zone for mergers and acquisitions.
Large drugmakers are out of favor, but some good funds are banking on a rebound.
Some great funds see attractive opportunities in the health-care sector.
Health care is historically resistant to economic downturns, but the sector could be more vulnerable in the future.