We are buying 25 shares of Danaher at roughly $229 each. Following Monday's trade, Jim Cramer's Charitable Trust will own 550 shares of DHR, increasing its weighting to roughly 3.6% from 3.
4%. The health care sector has been the big loser in the market since the election. If the SPDR Health Care Sector Fund , commonly referred to as the XLV, trades lower Monday it will mark its sixth straight negative session.
The group is facing a big wave of uncertainty after President-elect Donald Trump picked Robert F. Kennedy Jr., a vaccine skeptic and obesity drug critic , to be his secretary of the Department of Health and Human Services.
There is nothing the market hates more than uncertainty, which is why stocks can fall so hard when there is an unclear view of policy. But uncertainty can also create opportunity. We never want to downplay risks — but at a certain level, a stock will price in too many potential changes, reflecting outcomes that may be too severe.
If what happens in real life turns out to be better than what was initially feared, then nibbling on high-quality health care names at these prices could turn out to be bargains. We're not buying big here because the uncertainty overhang could linger for some time, but some of these stocks are getting oversold. That's why we are turning to a couple of health care stocks that have been beaten down over the past couple of weeks.
Since the election, Danaher shares have fallen from $250 each to $230 while Eli Lilly shares have .
