Barron’s: “The Walgreens Stock Plunge Was a Warning to Healthcare Stocks”By admin_45 in IN THE NEWS
Excerpt from Barron's quoting DataTrek's Nick Colas:
.... "Nicholas Colas, co-founder of Datatrek, warned investors to avoid the healthcare sector after it rose early in the year to account for 15% of the S&P 500, which has historically been its ceiling. The stocks “are an easy target because the electorate really dislikes the American health care system,” he wrote in February.
The struggles for Walgreens (WBA) “a very good case study” of the risk to the wider sector, Colas said Wednesday. Health care stocks are up for the year, but have trailed the S&P 500"....
Read the full article here on Barron's!