Morningstar Sector Health Services
As the month of January draws to a close and with all the talk about the direction of the major averages, how have the Morningstar Sectors performed year to date? For comparison purposes the Dow Industrials -6.9%, S&P500 -6.4%, NASDAQ Composite -4.6%, and the NASDAQ 100 -1.4%. By contrast 10 of Morningstar’s 31 Sectors are up on the year. A copy of last evenings Changes & Trends report sorted by change year-to-date is below.
The Health Services Sector is made up of 9 Industry Groups: Medical Instruments & Supplies, Medical Appliances & Equipment, Health Care Plans, Long-Term Care Facilities, Hospitals, Medical Laboratories & Research, Home Health Care, Medical Practitionersi, and Specialized Health Services.
Of those nine Industry Groups the strongest relatively is currently Home Health Care. The weakest Long-Term Care Facilities. Rankings and composite data for these industry groups .
248 Health Services Stocks includes: Relative Strength percentile rank; Industry Group Rank, Short-Intermediate-and Long term trends, Accumulation/Distribution, percent of 52 week high, overbought/oversold readings.
Or break stocks further down, stocks within one industry group .
ETF Range Projections for 1/28
Late yesterday CNBC reported that Obama was nearing a “bad bank” plan which rallied the futures nicely. Bloomberg News is reporting that the Federal Deposit Insurance Corp. may manage the plan. Some estimates are that the government could take on $1 trillion of bad assets. Trillion is the new Billion…a trillion here, a trillion there.
Overseas markets liked the report: Nikkei 225 +0.56%, DAX +2.9%, and the FTSE 100 +1.96%.
At approximately 2:15 PM ET is the FOMC Meeting Announcement.
As of about 8:05 the futures are pointing nicely higher: Dow +108, S&P +17, Naz +14, Oil -$0.24, and Gold -$14.00.
Have A Great Day!