3 Must-Own Healthcare Stocks For Your Portfolio

For its fiscal second quarter, ended June 30, 2021, LH’s revenues were  $3.84 billion, representing a 38.7% increase from the prior-year period. The company’s gross profit increased 66.3% year-over-year to $1.26 billion. Its adjusted operating income has been reported at $839.90 million for the quarter, up 120.6% from the prior-year period.

While its adjusted net income increased 140% year-over-year to $602.40, its adjusted EPS increased 138.5% year-over-year to $6.13. The company had $1.96 billion in cash and cash equivalents as of June 30, 2021.

For the current year, analysts expect LH’s revenue to be $14.73 billion, representing a 5.4% rise from the prior-year period. The stock has surpassed consensus EPS estimates in each of the trailing four quarters. LH has rallied 47.7% over the past nine months and 6.8% over the past month. It has been recently trading at around $296.15.

LH’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall B rating, which equates to Buy in our proprietary rating system. The stock has a B grade for Growth, Quality, and Value. We also have graded LH for Stability, Sentiment, and Momentum. Click here to access all LH ratings. LH is ranked #4 of 55 stocks in the Medical – Diagnostics/Research industry. 

Bruker Corporation (BRKR)

BRKR manufactures and distributes proprietary life science systems and advanced materials research tools based on X-ray technology platforms. The company also sells a range of field analytical systems for substance detection and pathogen identification. BRKR is based in Billerica, Mass.

On June 21, BRKR launched a new VIP-HESI ion source and new integrated software tools to increase confidence in 4D-Metabolomics and 4D-Lipidomics workflows. BRKR’s collaborators are making major progress in 4D-Metabolomics by leveraging measured collision cross sections (CCS). These CCS values will be useful in the annotation of unknown compounds and bring a step-change for untargeted metabolomics and lipidomics research.

On June 7, BRKR announced the launch of the FluoroTypeSARS-CoV-2 varID Q assay, which detects SARS-CoV-2 mutations enabling laboratories to differentiate many major viral variants routinely on all positive samples. Providing improved statistics for epidemiology, with shorter (overnight) time-to-result (TTR), and lower costs than NGS, this assay is likely to witness widespread recognition in the industry in the near-term.

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