Healthcare Stocks Have Been Anything but Defensive
-
Font Size:
Below we highlight the most oversold Healthcare stocks in the Russell 1,000. After poor guidance from WellPoint (WLP) and Humana (HUM) in the last two days, many Healthcare stocks have gotten crushed.
As shown below, 11 stocks out of 95 in the sector are currently trading more than 20% below their 50-day moving averages. HUM is 45% below its 50-day, followed by WLP, PDLI, SEPR, UNH and WCG. It sure hasn't paid to use Healthcare as a defensive play in this declining economic environment.
click to enlarge
Be the first to comment on this article! See below...
- Earnings Preview: Patterson Companies »
- Is Stereotaxis the Next Intuitive Surgical? »
- IRIS International Reports In-Line Q2; New Products Should Boost Growth »
- Accuray Incorporated F4Q08 (Qtr End 06/28/08) Earnings Call Transcript »
- Medtronic, Inc. F1Q09 (Qtr End 07/25/08) Earnings Call Transcript »
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
Bespoke Investment Group
About the author:- Bios & more articles
- Bespoke's blog: Think B.I.G.
- Market Research: Bespoke Premium
- Bespoke Money Management
- Bespoke Institutional
- Contact Bespoke
Loading...
Symbols:
ETFs In Focus
sponsored by:
-
Editor's Picks
-
Most Popular
- The Most Important Price in an Economy
- Income Planning and Safe Withdrawal Rates
- Solvency and Liquidity: Non-Identical Twins
- The Great Inflation Debate
- Disclosure from Financials? I Call B.S.
- Financials and Housing: The Outlook Remains Ugly
- Full list of Editor's Picks »
- Apple: Great Company with Lofty Valuation - Due for Pullback »
- Cramer Continues to Dig a Sirius Hole for Himself »
- The Disconnect Between Supply and Demand in Gold & Silver Markets »
- The Great Consumer Crash of 2009 »
- Wall Street Breakfast: Must-Know News »
- With Help from California, Solar Gets Fired Up »
- Don't Cancel Motorola's Funeral Just Yet »
- Forget $100 a Barrel - Oil Will Plummet to $30 »
- Petrobras: Buy and Sit Tight Like Soros »
- Time to Pull the Trigger on Four Oil Service Stocks »
- 5 Potential Buyout Targets in Biotech - Barron's »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Screener Picks: Three Mega-cap Long Picks
- Financial Downgrades Down Markets - Fast Money Recap (8/19/08)
- Transocean: Drilling Deep for Profits
- Whose Freddie Investment Thesis Is Right?
- Steel Dynamics: Bullish with a Share Repurchase Program
- E-Trade Financial Carries High Risk-Reward
- Interested in Bank of America? Consider the Preferred Shares
- Northgate: Mid-Tier Gold Producer with Strong Cashflow
- Toll Brothers Staying Alive - Fast Money Midday Recap (8/19/08)
- Hedge Fund Tracking: Blue Ridge Capital (John Griffin)
- Full list of Long Ideas »
- Salesforce.com: It's All About the Guidance
- Three Casino Stocks Rolling Over
- New Web Site For Short Sellers: You Gotta Love Capitalism
- Commodity Carnage: Where to Turn Next?
- Fannie and Freddie Shareholders Run for the Exit
- Goldman: Readying Short Position Initiation Sequence
- Apple: Great Company with Lofty Valuation - Due for Pullback
- Russia's Too Risky - Barron's
- Fannie, Freddie Shareholders Will Be Left Holding the Bag - Barron's
- Pilgrim's Pride: The Weakest Link in the Food Chain
- Full list of Short Ideas »
- Real Buys - Cramer's Mad Midday (8/20/08)
- Coke vs. Pepsi - Cramer's Mad Money (8/19/08)
- Clean Energy - Cramer's Lightning Round (8/19/08)
- Still Growing - Cramer's Mad Midday (8/19/08)
- Which Stock to Pick - Cramer's Mad Money (8/18/08)
- Buy Weyerhauser - Cramer's Lightning Round (8/18/08)
- The Price of Oil - Cramer's Mad Money (8/18/08)
- Great Execution Pick - Cramer's Mad Money (8/14/08)
- Beaten Down Buy - Cramer's Lightning Round (8/14/08)
- The Fry Guy - Cramer's Midday Mad Money (8/14/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »