2 Top Healthcare Stocks Defying the Bear Market
There's nothing that markets dislike more than uncertainty. And over the last year and counting, the market has been fixated on concerns such as the prospects of a recession and geopolitical turmoil in Eastern Europe. This is precisely why the S&P 500 index has dipped 10% over the last 12 months.
But amid the market sell-off, the healthcare sector as a whole has held up quite well. Up 22% and 5% in the past year, McKesson (NYSE: MCK) and Sanofi (NASDAQ: SNY) are two stocks that have crushed the broader markets. Here's why their momentum could continue over the next few years.
If you're like most people, you have probably frequented a pharmacy or hospital at some point in your life. And there's a good chance that the medical distributor known as McKesson had an impact on your life without your even knowing it. That's because the company provides more than 200,000 customers, like pharmacies and hospitals around the world, with over 300,000 medical products that are then sold by these customers to patients. This explains how McKesson's $50 billion market capitalization makes it about as large as its next two medical distribution competitors combined.
Source Fool.com
