Health
Hospital inventory is high. So is the Covid-19 case.
Hospitalizations for coronaviruses have risen to record highs, threatening to re-burden medical facilities across the United States. But this time, investors aren’t too worried.
Shares of some listed hospital systems ended in November, showing the best performance in a few months. Tenet Healthcare Corp. National hospital operators such as HCA Healthcare Inc. and HCA Healthcare Inc. both surged at least 21%. This is far superior to the S & P 500’s monthly rise of 11% and the index’s healthcare sector’s rise of 7.8%.
November sent the US stock market to yet another wild ride, boosted by a series of positive Covid-19 vaccine results and a faster-than-expected resolution in the presidential election.Both events were helpful Push US major stock indexes to new record When a trader scrambles to scramble the investment that was defeated this year. In addition to hospital stocks, retailers, restaurants, energy stocks, and cruise liner stocks also surged. Elsewhere in the financial markets, crude oil, junk bonds and metals such as copper and platinum have rebounded.
At first glance, the recent outperformance of hospital stocks may be considered one of the latest bargain hunting beneficiaries by investors. After all, hospital chains such as Tenet and Universal Health Services Inc. both fell further below their 2020 highs after plunging 11% or during a market rout.
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