We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is GE HealthCare Technologies Inc. (GEHC) Outperforming Other Medical Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. GE HealthCare Technologies (GEHC - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question.
GE HealthCare Technologies is a member of our Medical group, which includes 925 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. GE HealthCare Technologies is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GEHC's full-year earnings has moved 1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, GEHC has moved about 2.2% on a year-to-date basis. Meanwhile, the Medical sector has returned an average of 2.2% on a year-to-date basis.
Another Medical stock, which has outperformed the sector so far this year, is Brookdale Senior Living (BKD - Free Report) . The stock has returned 43.1% year-to-date.
Over the past three months, Brookdale Senior Living's consensus EPS estimate for the current year has increased 91.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, GE HealthCare Technologies belongs to the Medical - Products industry, which includes 82 individual stocks and currently sits at #137 in the Zacks Industry Rank. This group has lost an average of 1.7% so far this year, so GEHC is performing better in this area.
On the other hand, Brookdale Senior Living belongs to the Medical - Nursing Homes industry. This 2-stock industry is currently ranked #7. The industry has moved +27% year to date.
Investors with an interest in Medical stocks should continue to track GE HealthCare Technologies and Brookdale Senior Living. These stocks will be looking to continue their solid performance.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Is GE HealthCare Technologies Inc. (GEHC) Outperforming Other Medical Stocks This Year?
For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. GE HealthCare Technologies (GEHC - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question.
GE HealthCare Technologies is a member of our Medical group, which includes 925 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. GE HealthCare Technologies is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GEHC's full-year earnings has moved 1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, GEHC has moved about 2.2% on a year-to-date basis. Meanwhile, the Medical sector has returned an average of 2.2% on a year-to-date basis.
Another Medical stock, which has outperformed the sector so far this year, is Brookdale Senior Living (BKD - Free Report) . The stock has returned 43.1% year-to-date.
Over the past three months, Brookdale Senior Living's consensus EPS estimate for the current year has increased 91.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, GE HealthCare Technologies belongs to the Medical - Products industry, which includes 82 individual stocks and currently sits at #137 in the Zacks Industry Rank. This group has lost an average of 1.7% so far this year, so GEHC is performing better in this area.
On the other hand, Brookdale Senior Living belongs to the Medical - Nursing Homes industry. This 2-stock industry is currently ranked #7. The industry has moved +27% year to date.
Investors with an interest in Medical stocks should continue to track GE HealthCare Technologies and Brookdale Senior Living. These stocks will be looking to continue their solid performance.