Raymond James' Meekins: Safest place to invest in health sector is medical devices

Raymond James' Meekins: Safest place to invest in health sector is medical devices



health care stocks up today still the worst performing group in the SMP for the year for more let's bring in Chris Meekins from Raymond James Chris implications for key stocks off of this move today yes err I think as we saw Tavita really and other dialysis companies saw a sell-off leading into this and that announcement thinking that if you see a dramatic increase in organ transplants and you see a dramatic move toward home dialysis that could be bad for these companies I think that when we got into the weeds and actually saw what they proposed it's going to take a lot longer than what was initially thought to actually get the change of behavior for home dialysis and to increase the organ transplants which is why you're seeing some of these names recover today which sub-sect across the healthcare space Chris do you think is most threatened from potential political action I think it's almost everything in healthcare except for medical devices to be honest with you and life science tools right now in the managed care space you have the threats from the Fifth Circuit which just out of hearing yesterday on a district court ruling to strike down the affordable care act you have the pharmaceutical industry continuing to see regulatory actions and the president in the clip you just played hinted that more actions coming in the next week you have hospitals which have to worry about the Affordable Care Act potentially going away so if you're looking for the safest place to be you really need to look at the medical device and the life science tool space you

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