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Considering current market volatility, which is partly due to higher-than-expected inflation projected by the Federal Reserve, investor’s interest in the healthcare sector is expected to grow further because it is considered relatively stable in terms of performance given the largely inelastic demand for healthcare products. Furthermore , governments worldwide are spending billions to improve the healthcare industry, and companies in this space are innovating quickly to address the growing healthcare needs of an aging population.
With these factors in mind, we think it could be wise to bet on the shares of quality healthcare companies Hologic, Inc. (HOLX), Owens & Minor, Inc. (OMI), and Amneal Pharmaceuticals, Inc. (NYSE:AMRX). These names look undervalued at their current price levels.
