Healthcare Stocks Breaking Out Now

turned on black iPhone 7

Image Source: Unsplash


Healthcare is outperforming the S&P 500. While the broader market barely touched its gap, the healthcare sector blew right through it and kept climbing.

Blake Young spotted this divergence today. He found five dividend-paying stocks positioned for both income and breakout gains.

The setup is straightforward. Market volatility is rising. Option spreads are widening. Market makers are charging more to hedge risk.

Blake's response: hunt for lower beta names that pay you while you wait.

In tonight's video, Blake walks through specific trades in healthcare:

  • Pfizer PFE showing a monkey bar breakout with a 6.5% dividend yield and targets of $26.60 to $27.50
  • GlaxoSmithKline GSK offering a potential 8-10% return in two months between the put premium, dividend, and price move to $50.68
  • Merck MRK holding near all-time highs while paying a 3.11% dividend with 10% upside if it breaks free
  • Amgen AMGN closing above previous resistance at new record highs with a 2.9% dividend
  • Medtronic MDT setting up for a 5-6% move to new annual highs at $107 with a 2.8% dividend

The strategy targets established pharmaceutical companies rather than biotech names. No surprise FDA approvals or rejections to worry about.

If you want income while you wait for direction, this is the sector to watch.


Video Length: 00:09:00


More By This Author:

China’s Fluid Money Problems
Big Money Is Hedging China
The Market Sold Hard: Don’t Buy, Yet
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.