2 Beaten-Down Healthcare Stocks to Buy and Hold for the Next Decade
Some investors believe the market is overvalued. Several indicators support that. For instance, the S&P 500 Shiller CAPE ratio — a valuation metric — is currently near its highest levels since just before the dot-com bubble burst. Is it still worth it to invest in stocks in this environment? I believe it is, and one shrewd strategy to follow is to buy shares of beaten-down corporations that have what it takes to bounce back and perform well over the long run. Here are two great examples to consider: HCA Healthcare (NYSE:HCA) and Intuitive Surgical (NASDAQ:ISRG).
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HCA Healthcare reached a 52-week high around mid-March. However, the company’s shares have dropped by 13% since then. The hospital chain leader has faced headwinds that have impacted its financial results.
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