Healthcare stocks

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We took your advice and started looking at what we have as a hole instead of whatโ€™s in each 3 hours later. We see that we have less than 1% in healthcare all of that is in JNJ. So the big question is what stocks in healthcare would you recommend? We are looking at NVS and BAX is there anything else we should be looking at?
Thanks
Steven

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Asked on April 4, 2021 3:17 pm
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To add a few more in the small cap healthcare space:
1. Viemed Healthcare Inc (VMD)
2. Akumin Inc (AKU)
3. Protech Home Medical Corp (PTQ)
All of these are more in the medical devices portion of healthcare traded in Canada. More volatile due to the nature of small caps and have all hit profitability.

A few other options that are ETFs in the healthare space.

1. BMO Equal Weight US Health Care Hgd to CAD Idx ETF (ZUH) is a well diversified US healthcare ETF
2. Harvest Healthcare Leaders Income ETF (HHL) is a covered call healthcare ETF more for income.

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Posted by Jason Chong
Answered on April 5, 2021 2:05 pm
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Morning Mat thanks for the reply we will take a look
Thanks

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Posted by Dan Kent
Answered on April 5, 2021 5:37 am
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Hi Steven,

Having a look at Well Health Technologies is not a bad idea. It is on our bull list and is one of the fastest growing healthcare stocks on the TSX Index. While it is a cross between a tech and healthcare, it has a dual model which includes clinics + SaaS. You can get our more complete thoughts on the company by having a look at our report in the Growth Bull List section.

There aren't many biotech plays in Canada - none that I would personally be interesting in owning. Andlauer Healthcare (AND) might be another you may want to consider. While I think it is a little expensive here, the company is a leading health logistics/transportation company.

Finally, while Savaria (SIS) is an industrial, it is also a play on the health industry. As a leading provider of mobility products, it benefits from an aging population. We just re-added that to our Bull List last month.

Mat
(Of note, I am long WELL, SIS)

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Posted by Mathieu Litalien
Answered on April 5, 2021 5:18 am