Should You Buy the First Half's Worst-Performing Sector?
After a tough 2022, the first half of this year was like a breath of fresh air for investors. Stocks climbed, with eight of 11 industries contributing to the rally. The S 500 Index rose more than 15%. And the index even advanced more than 20% from its bear market low.
But one particular industry didn't join this exciting party. And that's the healthcare sector. While high-growth sectors like technology and consumer discretionary pushed indexes higher, healthcare put the brakes on gains. As we head into the second half of the year, should you buy stocks in this beaten-down sector -- or go for the first-half winners instead? Let's find out.
First, let's talk about why healthcare stocks stumbled recently. I don't see the movement as a reflection of the quality of healthcare companies or their long-term prospects. Instead, it's part of a general movement toward stocks that may excel in a bull market.
Source Fool.com
