Saturday 25 April 2015

Investors seek protection against healthcare stock decline

NEW YORK: Healthcare companies on a seven-year tear have been top performers so far in 2015, helping to push broad stock indexes to record levels, but traders are now looking to protect themselves from a selloff as they await major earnings reports in the sector.

Companies reporting first-quarter earnings next week include Bristol-Meyers Squibb Co, Boston Scientific Corp , Merck & Co, Pfizer Inc, Gilead Sciences Inc and Celgene Corp.

 

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