economy
Healthcare stocks have caught fire, sending all 3 of our names to record highs
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- The S&P 500 is on track for a nearly 2% drop for the week, with oil prices also declining.
- Healthcare sector has surged over 7% this week, becoming the top performer in the S&P 500 for June.
- Cardinal Health, Johnson & Johnson, and Eli Lilly are nearing record closes, driven by market positioning and a rotation out of AI stocks.
- Honeywell is set to split into two companies: Honeywell Aerospace and Honeywell Technologies, with analysts favoring the Aerospace division.
- Nike's upcoming earnings report is crucial for its position in the portfolio.
- The June nonfarm payrolls report will be released on Thursday due to the Independence Day holiday.