2 Healthcare Stocks I’d Buy Right Now
Healthcare spending is on the rise. The amount Americans spend on healthcare will grow by 5.5% annually over the next decade, according to government estimates. Of course, healthcare spending growth could slow down if, as some politicians have proposed, we establish a new healthcare system altogether. Still, the healthcare industry isn't going away anytime soon, and many companies will continue to profit from it -- especially market leaders.
Taking a buy and hold approach when investing in stocks is proven to be rewarding, with the likes of Warren Buffet -- the greatest contemporary investor -- making much of his fortune by employing this strategy. And arguably the most important factor when looking for stocks to buy and hold for a long time is whether the company in question has a strong competitive advantage. Here are two companies in the healthcare sector that are excellent stocks to buy for those with a long-term investing focus: Intuitive Surgical (NASDAQ: ISRG) and Johnson & Johnson (NYSE: JNJ).
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Source Fool.com
