With a few exceptions, healthcare stocks have had a rough go of it in 2023. The Standards and Practices (S&P) 500 Healthcare Index is down 5% year to date, versus a 13% increase in the benchmark S&P 500 index. Most healthcare stocks are down across the board. Pharma companies, health insurers and medical device manufacturers have all seen their share prices decline.
That said, there are a few stocks that have managed to separate themselves from the pack with new innovations and strong financial results. Some of these stocks have recorded hefty gains this year, while others are just beginning to turnaround. For investors, there remains an opportunity to profit from healthcare stocks—if they know where to look. Here are three healthcare stocks to invest in for a big shot of gains.
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