The document discusses the healthcare sector's position in the US economy, highlighting its growth potential due to an aging population and increased use of drugs and devices. It notes that the sector is trading at a discount compared to its usual premium to the S&P 500, suggesting potential upside. The document also compares current valuations to those during the 1993 Hillary Care sell-off, noting similar or less demanding valuations now. It forecasts strong sales and EPS growth for the sector, emphasizing its low cyclicality and strong balance sheets.
documents/vol00010-efta01459068-pdf.pdf
{"title":"US Equity Insights - Reiterating OW on Healthcare","key_people":["Hillary Clinton"],"document_date":"2015-11-20","document_type":"other","key_locations":["US"],"key_organizations":["S&P 500","Deutsche Bank"]}