Why analysts say healthcare's recent underperformance presents an opportunity
In a note to clients on July 1, they added that, like much of the broader market, the gains in the sector have been very narrow, with only a few stocks performing well during that time.
The analysts also said that the prospect of higher-for-longer interest rates has lessened the allure of defensive healthcare stocks, small caps, and other"rate-sensitive sub-sectors such as Biotechnology." Even still, the analysts said investors could face an"attractive buying opportunity" from healthcare's underperformance, especially as the Federal Reserve possibly looks to roll out interest rate cuts this year.
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