People who are searching for a stable investment might want to look into healthcare stocks. This is because the United States and other countries in the developed world are expecting aging populations, meaning that there will be an increased demand for healthcare in a lot of markets. With that said, it should be mentioned that one healthcare stock is not the same as another, meaning that there can be some that provide more stable returns than their counterparts. Here are five of the safest healthcare stocks to buy in 2019 mentioned by US News:
Becton, Dickinson, and Company (BDX)
Becton, Dickinson, and Company is a medical technology company. More importantly, Becton, Dickinson, and Company is a medical technology company that has managed to raise its dividends year after year for decades and decades, which speaks of a remarkable consistency that very few companies can match in either healthcare or other sectors. As such, for people who want to have a reliable stream of income flowing into their pockets in the form of stock dividends, Becton, Dickinson, and Company makes for an excellent choice.
Centene Corp (CNC)
Centene Corp is a health insurer that specializes in helping out both the uninsured and the underinsured. This is something of a niche, meaning that it has a freer hand in its chosen market than most of its counterparts. Moreover, it should be noted that while there might come a time when the problem of health insurance in the United States will be fixed, the current state of affairs as well as the sheer number of issues contributing to the problem means that the chances of it happening sometime soon are not particularly high. For the US population, this is not a good thing, but for Centene Corp, well, suffice to say that it is servicing a very real need that exists in the current health insurance market.
CVS Health Corp (CVS)
Generally speaking, people should be familiar with CVS because of its pharmacy stores. However, it is important to note that the chain has swallowed Aetna, which has some very interesting implications for more than one of its businesses. For example, CVS runs MinuteClinics, which could receive a very potent boost from Aetna-insured patients. Something that could in turn, lower Aetna’s costs because healthier insurance customers are also more profitable insurance customers. Due to this, healthcare investors would do well to keep CVS Health Corp in mind.
Icon PLC (ICLR)
Investing in pharmaceutical companies can come with a fair amount of risk. For proof, look no further than the pharmaceutical companies that have taken serious hits to their numbers because of news that their latest research projects have failed to move forward for one reason or another. As a result, it might be a good idea to look into companies such as Icon PLC, which specialize in helping their clients coordinate and conduct the clinical trials needed to secure regulatory approval in the United States and other countries. After all, an increased demand for healthcare means an increased demand for healthcare research, which in turn, means more potential customers that might need a helping hand with their research projects for Icon PLC.
Johnson & Johnson (JNJ)
Johnson & Johnson is one of the healthcare companies that can be expected to remain profitable for the foreseeable future based on a number of factors. First, it is a true colossus of the business world, meaning that it can shrug off hits that might have a much more serious effect on its smaller counterparts. Second, it possesses a number of well-respected brand names, which make it that much easier for it to sell its products to a receptive public. Third, Johnson & Johnson has well-established channels by which its products can reach the intended customers, thus making it even easier for it to reach out to them. Fourth, Johnson & Johnson is no slouch when it comes to innovation, meaning that it is still creating new sources of revenue in addition to existing sources on a regular basis. Summed up, it is no wonder that Johnson & Johnson is such a reliable choice of investment for interested individuals.