2 Top Healthcare Stocks to Buy Right Now
With the S&P 500 index (SNPINDEX: ^GSPC) rallying 20% year to date, Morgan Stanley's chief U.S. equity strategist, Mike Wilson, believes that a correction could be around the corner. This would be the first correction of the year, which Wilson believes will be triggered by several factors, including valuation.
At 21 times forward earnings-per-share estimates, the average S&P 500 component is 35% more expensive than the historical average of about 15 times.
Regardless of whether the S&P 500 corrects this year, conservative investors should consider these two leading names in healthcare for their steady operating results and safe dividends.
Source Fool.com
