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7 Health Care Stocks to Buy for Robust Returns

Kiplinger Logo By Harriet Lefton, Contributing Writer, Kiplinger.com of Kiplinger | Slide 1 of 8: If you are looking to diversify your portfolio away from trade-war jitters and earnings volatility, consider the highly lucrative healthcare sector.Most of the sector’s companies don’t fall under the tariffs being threatened on all sides. Indeed, the health care sector – as measured by the Health Care Select Sector SPDR (XLV) – is the third best-performing sector so far in 2018, behind technology and consumer discretionary stocks. From a breadth perspective, health care trailed only technology as of mid-July, with 67% of its components posting gains since the start of the year.Another attractive feature is healthcare’s “pop” potential – prices can surge on the back of positive clinical trial data or key regulatory approvals.However, prices can plunge just as quickly if data or decisions disappoint. That’s why investing in the healthcare sector requires some savvy analysis first. TipRanks market data can help, as it allows you to tune into the experts’ takes.Here are seven promising healthcare stocks to buy, according to Wall Street’s pros. Each of these stocks have a “Buy” or “Strong Buy” analyst consensus rating and juicy upside potential, with analysts believing some could double or more.SEE ALSO: 25 Stocks Every Retiree Should Own

7 Health Care Stocks to Buy for Robust Returns

If you are looking to diversify your portfolio away from trade-war jitters and earnings volatility, consider the highly lucrative healthcare sector.

Most of the sector’s companies don’t fall under the tariffs being threatened on all sides. Indeed, the health care sector – as measured by the Health Care Select Sector SPDR (XLV) – is the third best-performing sector so far in 2018, behind technology and consumer discretionary stocks. From a breadth perspective, health care trailed only technology as of mid-July, with 67% of its components posting gains since the start of the year.

Another attractive feature is healthcare’s “pop” potential – prices can surge on the back of positive clinical trial data or key regulatory approvals.

However, prices can plunge just as quickly if data or decisions disappoint. That’s why investing in the healthcare sector requires some savvy analysis first. TipRanks market data can help, as it allows you to tune into the experts’ takes.

Here are seven promising healthcare stocks to buy, according to Wall Street’s pros. Each of these stocks have a “Buy” or “Strong Buy” analyst consensus rating and juicy upside potential, with analysts believing some could double or more.

Click ahead to see them.

SEE ALSO: 25 Stocks Every Retiree Should Own
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