Health-Care Stocks: CVS, Humana Make Bank of America List of Large-Caps

Health-care stocks have outperformed the broader stock market this year. The Health Care Select Sector SPDR Fund (XLV) – Get Health Care Select Sector SPDR Fund Reportthe biggest health-care ETF, has slid 9% this year, compared with the 15% drop for the S&P 500.

Bank of America strategists are impressed with the sector. It represents “our favorite overweight for today’s macro environment,” they wrote in a commentary. They offer several reasons:

1.Health care performs better than all other sectors late in economic cycles. It also performs well during recessions.


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