The healthcare industry of the USA is the biggest one in this world. According to estimates, the spending on healthcare is expected to increase by 5.5% on average per annum from the year 2018 till 2027 and will approach $6 trillion levels. Along with this, the spending been made on healthcare will increase by 0.8 percent point quicker than the GDP from 2018 till 2027. A post by Insider Monkey came across my eyes which was about Top 10 Cheap Healthcare Stocks and I wrote this piece of content in the light of that post. According to Insider Monkey:
“Despite heavy spending, shiny R&D divisions and futuristic pipelines, the healthcare industry has a lot of progress to make. Over 868,000 Americans still die of heart disease or stroke every year, causing a loss of $214 billion per year and resulting in $138 billion in lost productivity on jobs. Over 1.7 million people are diagnosed with cancer every year, and about 600,000 die from it. The cost of cancer care was expected to reach $174 billion by 2020.”
Now let’s move to the list without delaying any further. Topping the list is Walgreens Boots Alliance Inc which is functioning in 3 domains including Pharmaceutical Wholesale, Retail Pharmacy International, and Retail Pharmacy. In the Q3 of 2020, this was found that the interest of hedge funds declined from 45 funds to 31 funds during the same time period. WBA stocks rating has been recently lifted by Guggenheim from Neutral to Buy. This was considered by the company that EBA has been positioned finally for the possible upward earnings trend or cycle. This is also stated that the firm will achieve a huge capital boost
Another cheap healthcare stock is Universal Health Services, Inc. which is functioning in the healthcare facilities and clinics in the UK and the USA. The ranking of the company on the Fortune 500 list is 281. Some bullish comments have been given by the Bank of America regarding the healthcare stocks, observed the improving economy, mass vaccine rollout, and increased spendings of customers in near future. In the Q3 of 2020, a $2.88 non-GAAP EPS has been posted by UHS which has beaten the forecast of $1.01 of Wall Street. In this quarter, the total revenue was $2.91 billion. Around 34 hedge funds have shown bullish behavior for UHS. You can learn more by jumping directly to 10 Cheap Healthcare Stocks To Buy Now.