5 Healthcare Stocks to Watch in 2021: Opportunities for High Returns
The global healthcare industry is one of the fastest-growing sectors in the world, driven by an aging population and increased demand for medical services. 2021 presents ample opportunities for investors to tap into this growth through various healthcare stocks.
Here are 5 healthcare stocks that investors should watch in 2021:
1. Teladoc Health Inc.
Telemedicine has seen a surge in demand due to the COVID-19 pandemic, and Teladoc Health Inc. is at the forefront of this trend. The company offers virtual healthcare services, including consultations with doctors and therapists, which has become increasingly popular among patients who value convenience and accessibility.
Despite the pandemic’s initial impact on Teladoc’s stock price, the company still posted impressive Q4 2020 results with a revenue of $383.3 million, up 145% from the previous year’s quarter. As the demand for virtual healthcare services continues to increase, Teladoc Health Inc. provides an excellent opportunity for investors looking to capitalize on the trend.
2. Moderna Inc.
Moderna Inc. is a biotech company that made headlines in 2020 for its COVID-19 vaccine. The vaccine achieved a 94% efficacy rate during clinical trials and has been approved for emergency use in several countries. Moderna Inc.’s COVID-19 vaccine has given the company a significant boost, with shares soaring over 400% in 2020.
In addition to its COVID-19 vaccine development, Moderna Inc. has a robust pipeline of mRNA-based therapies to treat various diseases, which presents exciting opportunities for investors.
3. Abbott Laboratories
Abbott Laboratories is a healthcare company that develops and manufactures medical devices, diagnostic products, and pharmaceuticals. The company’s continuous glucose monitoring system, FreeStyle Libre, has become a popular alternative to traditional finger prick glucose testing for people with diabetes.
Abbott Laboratories also manufactures COVID-19 testing kits, which has contributed to the company’s impressive Q3 2020 earnings report, with a net sales increase of 9.6% year over year. As the demand for medical devices and diagnostic products continues to grow, Abbott Laboratories presents a solid investment opportunity for 2021.
4. Humana Inc.
Humana Inc. is a health insurance company that offers various healthcare plans, including Medicare Advantage. The company has a strong digital presence, including its health monitoring platform and telemedicine offerings.
As the healthcare industry continues to digitize, Humana Inc.’s focus on digital innovation positions it well for success in 2021 and beyond. The company’s strong financial performance in Q4 2020 supported this view, with net income of $1.98 billion, up from $512 million in the previous year.
5. Vertex Pharmaceuticals Inc.
Vertex Pharmaceuticals Inc. is a biotech company that specializes in discovering and developing therapies for cystic fibrosis (CF) and other genetic diseases. The company’s CF therapies have been a significant success, with its flagship drug, Trikafta, achieving $6 billion in revenue in 2020.
Vertex Pharmaceuticals Inc. has a promising pipeline of therapies in development to treat CF and other genetic diseases, which presents exciting investment opportunities for investors in 2021 and beyond.
Conclusion
The healthcare industry presents lucrative investment opportunities for investors looking to tap into the industry’s growth potential. From telemedicine to biotech companies, the five healthcare stocks mentioned above offer a diverse range of investment opportunities for 2021. As with any investment, it’s important to perform thorough due diligence and research before investing in any company.
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