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Sunday, January 13, 2008

Healthcare According to IBD


Here are the latest statistics per the latest Investor's Business Daily. I have compiled the numbers for easier reading. IBD breaks down the marketplace into 197 various industry groups. The rankings are compiled based on price performance of all stocks in the industry in the latest 6 months and according to IBD studies show most top-performing stocks are found in the top quartile of groups and that group action determines at least half of a stock's performance.

Out of the top 30 industry groups, the healthcare industry comprises 33% of this list. The 10 industries making the list are:

#4. Medical-System/Equipment

#6. Medical/Dental Services

#7. Medical Genetics

#8. Medical-Ethical Drugs

#12. Medical-Health Maintenance Organization

#18. Medical-Products

#19. Medical-Wholesale Drug Supply

#23. Medical-Outpaitent/Home Care

#24. Medical-Drug/Diversified

#25. Medical-Biomedical/Biotechnology

In addition, the healthcare sector is up 1.87% YTD, while 18 individual stocks raked up new highs and no new lows, which I find a bit impressive with the market we have been having.

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