ANTM - This Stock Could Provide 25% Upside Amid a Cautious Market
Healthcare stocks have been a good sector for investors to turn to during an inflation-influenced market decline like the one we've experienced so far in 2022. Consumers can make adjustments to grocery lists, cut back on leisure activities, and delay bigger purchases if possible to offset some higher costs. Companies can also take action to save costs where possible or pass on higher costs through pricing to customers.
But one area where many are not willing to cut back -- especially after pandemic-driven delays in doctor's appointments and medical procedures -- is healthcare. Companies like Anthem (NYSE: ANTM) are benefiting from a rise in medical spending, and the portfolios of long-term investors could benefit from such healthcare stocks .
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This Stock Could Provide 25% Upside Amid a Cautious Market