Health care stocks get a boost in S&P 500
Analysts expect hospitals, managed-care companies to benefit from health care legislation.
NEW YORK — Health care stocks have started off the year on a tear.
The industry group that includes health care providers, drugmakers and biotechnology companies has advanced 7.3 percent this year, making it the second-best in the Standard & Poor’s 500 index, trailing only energy companies. Even drugmakers, traditionally considered a safe-haven play, are outperforming the market.
The rally has solid foundations, but not all companies will benefit equally from the influx of cash. Also, the wide range of stocks in the sector offer investors vastly differing risk and return...
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