Market Rallies after HCR

Despite the healthcare bill passing last night or perhaps due to its passing, the stock market is up modestly this morning. I’m especially pleased to see our healthcare stocks rallying. One of my concerns about this year’s Buy List has been our heavy exposure to the healthcare sector.
Fortunately, those stocks have done fairly well so far. Medtronic (MDT), for example, is up over 3% today and is close to taking out its 52-week high. Gilead Sciences (GILD) is a 12% winner for the year and I think it has more room to run. Becton Dickinson (BDX), which is a medical device maker, is inches away from a new high.
Outside our healthcare stocks, Joey Banks (JOSB) is at another new high and Bed Bath & Beyond (BBBY) is up thanks to a very nice earnings report from Williams Sonoma (WSM).
Here’s the CEO of Stryker (SYK) discussing the impact of HCR on CNBC:

Posted by on March 22nd, 2010 at 9:48 am


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