NVAX - 2 Top Healthcare Stocks to Watch in June
A central theme of the 2020 investing landscape has been the overall strength of healthcare stocks. Investors have gravitated toward the healthcare sector this year due to the ability of most top companies to generate healthy free cash flows, as well as their tie-in to the development of a possible functional treatment for COVID-19.
The iShares Nasdaq Biotechnology Index is currently up by nearly 9% for the year, while the S&P 500 has so far lost 5% of its value halfway through 2020. That's a sign that investors have indeed sought out healthcare plays as a way to hedge against the ongoing pandemic.
Image source: Getty Images.