“Risk comes from not knowing what you’re doing.” – Warren Buffett
Indeed, uncertainty is not new to the world of investing. A regular investor knows that nothing pays off better than adequate, up-to-date knowledge of the current market and one’s current portfolio. And reevaluating one’s portfolio, from time to time, is even more important if one does not want to miss out on the golden chance.
With market conditions relatively stable now, the stock market is on an upswing, as is evident from the drift observed in the major indices during Monday’s trading session. Evidently, the Dow Jones Industrial Average rose 21.57 points on Monday, while the S&P 500 edged up 2.02. Nasdaq Composite gained 13.23 on the day.
Moreover, the recent oil price rise has stabilized commodity prices over the past few weeks. Improved U.S. economic data also stand in favor of the stock market, raising hopes of a decent run.
Given this optimistic backdrop, we would advice investors to make the most of this opportunity and invest in industries that look promising at present. And what can be a better indicator than our proprietary Zacks Industry Rank, which helps detect the most profitable industries at the moment.
Of the top 132 Zacks Ranked industries, we have handpicked the medical services industry which, apart from boasting a favorable Zacks Industry rank, contains stocks that sport strong inherent fundamentals.
Delving Deeper
Currently, the Medical Services industry has a Zacks Industry Rank of #40 out of 265 (as a guideline, the outlook for industries with Zacks Industry Rank #88 and lower is ‘Positive’; learn more about Zacks Industry Rank here). Thus, Medical Services belongs to the top 15% of the Zacks Rank Industries.
In recent times, focus on accountability, quality outcomes and affordability has driven structural changes in the overall health care industry. According to a report published by Wipro, two factors critical for delivering cost-effective and high-quality care are – a robust medical services and products delivery system and a sustainable reimbursement model to cover the costs of care.
