Here’s How To Profit from Health! 5 Health Industry Stocks for the Next 12 Months
The health industry is vibrant and thriving! And here are five companies poised to do well over the next year according to PowerRatings.net.
All of these stocks have a PowerRating of 9 or 10. Stocks with PowerRatings at this level have been higher more than 80% of the time one year later.
Manor Care [HCR@HCR]
Manor Care is a major provider of health care services, from nursing care and assisted living to post-acute medical rehabilitation and rehabilitation therapy.
The Carlyle Group, a leading private equity firm, recently agreed to pay $6.3 billion in cash for the company, with intention to take the firm private. Manor Care operates a network of more than 500 nursing, rehabilitation and assisted living clinics and facilities.
Charles River Labs [CRL@CRL]
Charles River Labs specializes in drug discovery and development, providing animal research models for research and development of new drugs and drug therapies.
Based near Boston, Massachusetts, Charles Rivers Labs struggled with earnings in 2005 and 2006, which kept the company’s stock from appreciating at the same rapid rate as some of its competitors.
Nevertheless, CRL is expected to benefit from the growing trend of pharmaceutical companies outsourcing their clinical trials to specialized firms.
Idexx Labs [IDXX@IDXX]
Idexx Labs develops and manufactures products and provides services for the veterinary, food and water testing markets. The company specializes in applying biotechnology and information technology to medical device development.
During its third quarter earnings announcement, Idexx Labs announced a two-for-one stock split. Idexx Labs was one of a number of companies that legendary value investor Jean ââ”