ETN vs UHN

« Back to Previous Page
▲
0
▼
♥ 0

ETN is a theme play that is on the move. I’m thinking of selling UNH (considered defensive) and buying ETN even though it is more cyclical in nature. Other healthcare names held are ABBV, ABT, BSX, ISRQ, LLY (starting position), and SYK. Currently, health care makes up 9.71% of the total portfolio compared to industrial at 19.12%……What do you say about this stock change? And other suggestions are most welcomed!…..Tom

Marked as spam
Asked on July 14, 2024 5:21 pm
36 views
▲
0
▼
✔
Private answer

It does seem like that would be a reasonable thought process from your end due to the amount of healthcare stocks you own plus just the overall exposure to healthcare you have in your portfolio.

The one thing I'd say though, and this is just food for thought, is the fact that UNH is very different from the other healthcare companies you own because it is simply a healthcare insurance company. The other ones you own have direct exposure to the healthcare sector via medications, devices, etc.

By selling UNH, you're pretty much making the entirety of your helathcare exposure to that segment of the market and eliminating the insurance end. UNH is a very different company than all the others mentioned.

I don't mind Eaton at all personally. I do believe it's a tad expensive at this point however.

Marked as spam
Posted by Dan Kent
Answered on July 16, 2024 7:01 pm
« Back to Previous Page