Healthcare Breaks Out To All-time Highs

JC Parets
August 15, 2020

Healthcare stocks are breaking out to their highest levels in history. This isn't something where we're waiting for them to recover. We're betting that this is actually just the beginning. Healthcare stocks are going a lot higher if the S&P500 is going to 4000. That's the bet we're making.

Here is the Healthcare Index Fund $XLV closing at back-to-back all-time highs the past 2 weeks. I think there's another 14% if upside from here:

Click on Charts to Zoom in

When you think Healthcare, there are a lot of different ways to play it. But for me, UnitedHealth has been one of our go-to names in the space for years. And as investors, we like going where we've been treated best. The breakout from this base in $UNH gives us a price target above 370.

We want to be long if we're above all those former highs from the past year.

This Tuesday August 18th, we'll be discussing Healthcare and all of the other new leading sectors in our Live Monthly Conference Call (Premium). If you haven't registered, you can do so here.

See you then!

JC

 

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