We kicked around a few ideas in this morning’s Analyst meeting and the one thing that stood out to me is that I do not currently have any long exposure to the healthcare sector — one of the strongest sectors out there.
That changes today.
We’re going to get long a familiar name in the space, but we’re going to do it carefully with a defined risk spread because we’ve got earnings coming up soon. So we’ll go for a longer-duration trade and bet on earnings to be a catalyst for higher prices. [Read more…]