Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

2 High-Growth Healthcare Stocks to Buy Right Now

Published 08/13/2021, 03:00 PM
Updated 08/13/2021, 03:30 PM
© Reuters.  2 High-Growth Healthcare Stocks to Buy Right Now
ALKS
-
WST
-

Because COVID-19 cases have been spiking lately, investors are regaining interest in healthcare stocks. In addition, since governments worldwide are pouring billions of dollars into improving the healthcare industry, we think it could be wise to bet on healthcare stocks West Pharmaceutical (WST) and Alkermes (NASDAQ:ALKS). Both names have immense growth potential. So, let’s discuss them.The healthcare industry has historically attracted robust investor interest. According to a Modern Healthcare report, national health expenditures have increased tremendously over the past several years. With the resurgence of COVID-19 cases due to the rapid spread of its highly transmissible Delta variant, the industry is expected to continue enjoying the spotlight. Furthermore, the healthcare industry is considered relatively stable in terms of performance, given a near inelastic demand for healthcare products, which is part of what makes it an investor favorite.

Governments worldwide are spending billions of dollars to improve the healthcare industry, and companies in this space are quickly innovating to address the growing healthcare needs of an aging population.

So, we think it could be wise to bet on healthcare stocks West Pharmaceutical Services, Inc. (NYSE:WST) and Alkermes plc (ALKS), which possess solid growth attributes.

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.