Excerpt from...

Covid Has Boosted the Healthcare Sector. Pfizer Stock Is a Prime Example.

By Ben Levisohn - July 30, 2021

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David R. Kotok - In the News

 

"Covid-19 is back—and so are healthcare stocks. At first glance, there isn’t much to get excited about. The S&P 500 Health Care Sector index has gained 16.1% this year, which would be great in most years. But this is 2021, and the group is trailing the S&P 500’s 17.7% advance and is just the seventh-best performing of the 11 GICS sectors.

"With the Delta variant shaking things up, however, the healthcare sector has started gaining momentum, rising 8.5% over the past three months, the best of any sector."

"David Kotok, co-founder of Cumberland Advisors, sees Covid-19 transforming healthcare from a sector sought after for its decent yields and slow, steady growth to one that can offer more than simple steadiness and safety. “Covid...is the catalyst for adaptations and growth in the healthcare field,” he writes.

"Perhaps no company exemplifies this better than Pfizer (PFE). The company, which was a Barron’s pick in March, reported earnings this past week, and they dazzled."

Read the full article here (paywall): https://www.barrons.com/articles/covid-pfizer-vaccine-stock-51627694955


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David R. Kotok
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Barron's