It’s become blatantly obvious that the healthcare industry is enormous…
Its spending accounted for more than 17% of the U.S. gross domestic product in 2019! If you think about it, that’s pretty remarkable because retail sales make up about two-thirds of the GDP.
And COVID-19 only continues to plant plenty of activity around the sector, which is bullish news for most health care stocks for fall 2021.
I mean, House Democrats even passed a $3.5 trillion budget resolution to enhance the country’s social safety net.
So with trillions of dollars flowing into the industry and strong momentum from institutional traders shifting into these names, there are a handful of health care stocks for fall 2021 ready for yet another leg up…
2 Health Care Stocks for Fall 2021
The first health care stock on my list is UnitedHealth Group Inc. (NYSE: UNH).
Before you ask, yes. I’ve mentioned this name before because it’s the largest health insurance company in the U.S. with about 70 million members. So its reach extends to employer-sponsored, self-directed and government-backed insurance plans.
Did you notice I said “government-backed?” Because that’s BIG…
Whenever the government is involved in something, the company rarely ever goes belly up, so that’s something to remember.
Just look at Microsoft Corp. (Nasdaq: MSFT)! In the 1990s, it received a government contract that absolutely blew the company up.
But that’s a story for another day…
UNH’s stock price is up 37-plus percent in the past three months, which is in line with the S&P 500.
I have a price target of $475 per share over the next 10 weeks… Because with the shift into medical care and COVID-19 making big headlines once again, there’s a great chance we’ll see a sharp boost in price.
Check out my short video below to get the next health care stock for fall 2021 on my list.
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