Our Outlook for the Health-Care Sector
We think big pharma's pipelines are looking healthier--it's time to buy.
Against the backdrop of market turbulence from the credit crunch and subprime mortgage meltdown, the health-care sector is looking downright safe and stable--a haven from all the market gyrations. While the S&P financial services index took it on the chin with a 15% decline in the last three months, the S&P health-care index ended the third quarter flat. We expect health care to hold up fairly well going into 2008, as many of the companies we cover tend to throw off steady cash flows.
Debbie Wang has a position in the following securities mentioned above: BIIB, NVS, PFE. Find out about Morningstar’s editorial policies.