Health-care stocks could rebound after their worst week of the year [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Health-care stocks could rebound after their worst week of the year Justin Sullivan | Getty Images A doctor examines a patient at the UCSF Women's Health Center in San Francisco, California. Health-care stocks fell sharply last week, notching their worst weekly performance of the year, but a rebound may be at hand. The S&P 500 health-care sector "Because this latest move was largely caused by political hot air (so to speak) and not something structural within the sector, I think we could see a bounce back in some of these names," Thrasher said in a note to clients. "I believe the stocks have been over-extended to the downside." The move down began Tuesday after presidential hopeful Sen. Bernie Sanders positive response to his "Medicare for All" plan "What we're talking about is stability. That when you have a Medicare for all, it is there now and it will be there in the future," Sanders said at the town hall, which aired last Monday. The plan creates a single-payer health-care system
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