Our favorite member of the "unlikely new highs" club is becoming its new leader.
Back in November, we covered the upside breakout in the iShares Healthcare Providers Fund (IHF). This fund is a one-click way to buy a diversified basket of America's largest health care businesses. Major weightings include DaVita (dialysis), Aetna (insurance), Laboratory Corp (testing), Express Scripts (pharmacy management), and Covance (drug development).
Months ago, conventional wisdom said the health care industry's profit margins would be pressured by government bureaucrats. But as our colleague Rob Fannon commented, a "free health care for everyone" system would create a ton of new demand. After all, nobody can spend money like Uncle Sam. This demand will drive health care stocks higher for years.
As you can see from today's chart, the market likes this thesis. The IHF is enjoying one of the steadiest, strongest uptrends in the market right now. Shares have climbed from $42 to $51 in just three months. Millions of customers, who couldn't care less about cost (after all, their neighbors are paying for it), are headed its way...
Back in November, we covered the upside breakout in the iShares Healthcare Providers Fund (IHF). This fund is a one-click way to buy a diversified basket of America's largest health care businesses. Major weightings include DaVita (dialysis), Aetna (insurance), Laboratory Corp (testing), Express Scripts (pharmacy management), and Covance (drug development).
Months ago, conventional wisdom said the health care industry's profit margins would be pressured by government bureaucrats. But as our colleague Rob Fannon commented, a "free health care for everyone" system would create a ton of new demand. After all, nobody can spend money like Uncle Sam. This demand will drive health care stocks higher for years.
As you can see from today's chart, the market likes this thesis. The IHF is enjoying one of the steadiest, strongest uptrends in the market right now. Shares have climbed from $42 to $51 in just three months. Millions of customers, who couldn't care less about cost (after all, their neighbors are paying for it), are headed its way...
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