Time to back health care? [Video]
The 14th highest revenue-generating company in the US is Cardinal Health. The company has a wide range of health care services and health care as a sector can often be well place to ride out a recession. Why? This is because health matters are often prioritised when it comes to the spending habits of consumers. With the US expected to fall into a recession shortly is Cardinal Health worth backing? With over 50% gains in the last 6 months can those gains continue?
Cardinal Health has some decent seasonals. Between January 11 and February 19, Cardinal Health has gained 11 times with an average return of 4.23%. Is this now the time to back Cardinal Health?
Major trade risks:The major trade risk here is that bad news impacts Cardinal Health or a very deep recession reduces US consumer spending power to a greater extent than expected.
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