Wall Street Is Bracing for the Fed's Next Move on Rates. These 3 Stocks Win Either Way.
Rising interest rates are unlikely to change the dynamics in the healthcare sector, where people are willing to pay for care.
Overview
Bond yields are rising, inflation remains above the Federal Reserve's target, and there has already been one Fed rate hike. Wall Street is bracing for further rate increases, making life more expensive for both companies and consumers. Consumers, notably, are already tightening their budgets.
There's one sector where these dynamics are less meaningful: Healthcare. A rate hike probably won't change your desire to live a healthy life. If you need medical care, you are highly likely to get that care regardless of the cost. If you are concerned about rate hikes, however, these three healthcare stocks may be worth a particularly close look: Eli Lilly (NYSE: LLY), Medtronic (NYSE: MDT), and Johnson & Johnson (NYSE: JNJ). Here's why.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.