Q: Hello Peter and team, With the Trump cabinet taking shape do you now consider healthcare stocks (and EFT's) as well as renewable energy stocks (and ETF's) as dead money for a few years or do you see some exceptions in either domains?
Thanks for your always good insight and analysis.
Adel
Thanks for your always good insight and analysis.
Adel
5i Research Answer:
The sector may not be completely dead, but certainly sentiment is going to stay negative for a period of time. We need to see if the fear in the market is matched by actual policies once Mr. T takes over in January. There will still be pockets of strength, and more lax M&A policies could help the sector a bit. Investors also will still likely look longer term, as both sectors focus on long term drugs/projects.