Pharma, biotech, medical devices, healthcare services. Defensive demand (people get sick in any economy) but mixed quality - patent cliffs, regulatory exposure, and political pricing risk dominate.
These are the top names in this sector by our composite quality score (ROIC, margin stability, balance-sheet strength, growth quality).
These are the top names in this sector by our composite quality score (ROIC, margin stability, balance-sheet strength, growth quality).