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5 Top Health Care Stocks To Watch Ahead Of June 2021

Could these health care companies be worth watching right now?

5 Health Care Stocks For Your June Watchlist

You can’t deny that 2020 was a banner year for health care stocks, in general, because of the coronavirus pandemic. While the pandemic continues to ravage certain countries, the sector remains a viable one in the stock market today, nonetheless. As the broader market aims to shake off its recent losses, investors may be turning towards health care stocks. After all, these are the companies that improve our overall quality of life, a noble and crucial line of work indeed. From life-saving drugs to day-to-day treatment, there are plenty of entry points into the industry for eagle-eyed investors now.

For instance, coronavirus vaccine frontrunner Moderna (NASDAQ: MRNA) continues to deliver positive updates. Earlier this week, the company revealed that its vaccine candidate was 100% effective in teenagers. As such, Moderna is now planning to seek FDA approval by early June. Because of this, MRNA stock is looking at massive gains of over 230% in the past year.

Elsewhere, even some of the largest names in tech appear to have their sights on the health care industry now. Namely, Google’s (NASDAQ: GOOGL) cloud computing arm is currently working with HCA Healthcare (NYSE: HCA). Google Cloud will essentially develop algorithms to improve efficiency and patient outcomes. With all this activity in the field now, you might be interested to add some top health care stocks to your watchlist. Here are five making headlines in the stock market now.

Best Health Care Stocks To Watch Right Now

Pfizer Inc.

Pfizer is a multinational pharmaceutical corporation that is headquartered in New York City. The company develops and produces medicines and vaccines for a wide branch of medical fields. This would include oncology, cardiology, and immunology among others. PFE stock currently trades at $38.76 as of 1:27 p.m. ET. The company has been one of the most successful vaccine companies so far given how it got its coronavirus vaccine to be approved at breakthrough speeds.

Source: TD Ameritrade TOS

Last week, Pfizer announced that it will be supplying the European Union with up to 1.8 billion additional doses of its vaccines. These additional doses will be delivered beginning December 2021 through 2023. Pfizer along with BioNTech (NASDAQ: BNTX) has now committed a total of up to 2.4 billion doses of its vaccine to the European Commission since the beginning of the pandemic. This would of course translate to huge profits for the company in the months and years ahead. For these reasons, will you consider adding PFE stock to your watchlist?

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Ocugen Inc.

Ocugen is a health care company that focuses on discovering, developing, and commercializing transformative therapies to treat rare eye diseases. Specifically, its gene therapy platform is revolutionary and has the potential to treat multiple retinal diseases with one drug. OCGN stock currently trades at $7.92 as of 11:48 a.m. ET and has been up by over 140% year-to-date. On Tuesday, the company says it is on track to submit an Emergency Use Authorization (EUA) application to the U.S. FDA for its coronavirus vaccine candidate, COVAXIN.

Source: TD Ameritrade TOS

It is developed based on a traditional vaccine platform that has a long-established safety profile. COVAXIN has a vaccine efficacy rate of 78% overall efficacy and 100% in severe diseases, including hospitalization as shown in its second interim results. Ocugen’s vaccine candidate also generates a strong immune response against multiple antigens and is shown to generate memory T cell responses. This would indicate longevity and rapid antibody response to future infections. Given this piece of news, will you consider watching OCGN stock?

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Medtronic PLC

Medtronic is a health care company that focuses on medical devices. The company operates in over 150 countries and employs over 90,000 people. Furthermore, it is one of the world’s largest medical technology, services, and solutions companies. Its devices and therapies treat more than 30 chronic diseases including heart failure and Parkinson’s disease. MDT stock currently trades at $126.17 as of 11:48 a.m. ET. The company had just reported its fourth-quarter and fiscal year 2021 financials today.

Source: TD Ameritrade TOS

Firstly, it posted quarterly revenue of $8.2 billion, up by 37% year-over-year. A huge portion of its revenue came from its U.S. market, at $4.182 billion, representing 51% of total revenue. Secondly, it also reported a quarterly GAAP diluted earnings per share of $1.00. Net income for the quarter was $2.038 billion, an increase of 162% year-over-year. With such impressive financials, is MDT stock worth watching?

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Rezolute Inc.

Rezolute is a clinical-stage biopharmaceutical company that develops innovative drug therapies for patients with metabolic and rare diseases. In brief, its lead product candidate is RZ358 and is used to treat congenital hyperinsulinism (CHI). RZLT stock currently trades at $11.44 as of 11:49 a.m. ET and has been up by over 35% on today’s opening bell. Investors seem to be responding to the company announcing that it will be participating in an upcoming virtual health care conference. Could Rezolute be about to announce some breakthrough in its pipeline?

Source: TD Ameritrade TOS

Well, Oppenheimer (NYSE: OPY) analyst Kevin DeGeeter appears to believe so. In his coverage of RZLT stock yesterday, DeGeeter reportedly hit it with a buy rating and a $25.00 price target. Similarly, analysts from Canaccord Genuity also reiterated a buy rating on the stock with a $30.00 price target. In theory, we could be looking at a potential upside of over 260% of RZLT stock’s current price. No doubt, this coupled with the company’s upcoming presentations could be generating investor hype around the stock now. Would you consider keeping an eye on RZLT stock?

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Nemaura Medical Inc.

Next up, we will be looking at medical tech company, Nemaura Medical Inc. In essence, the company specializes in developing non-invasive and minimally invasive wearable diagnostic devices. The likes of which rely on artificial intelligence to bolster its digital health care capabilities. Also, Nemaura’s flagship device is its non-invasive continuous glucose monitoring (CGM) device, the sugarBEAT. Complementing the sugarBEAT is Nemaura’s proprietary health care platform, BEATdiabetes. If anything, this would make NMRD stock a viable means of betting on the diabetes treatment industry. With the company’s stock currently trading at $13.86 a share as of 11:49 a.m. ET, could it be worth jumping on?

Source: TD Ameritrade TOS

For the most part, Nemaura has been busy on the operational front. Earlier this month, the company received an order for a whopping 200,000 sugarBEAT sensors and 5,000 sugarBEAT transmitters. The order in question was made from Nemaura’s U.K. licensee, DB Ethitronix, with an additional rolling monthly purchase over the next two years. Specifically, this would amount to an overall order consisting of 2.1 million sensors and 15,000 transmitters.

According to Nemaura this is thanks to significant positive feedback from its U.K. soft launch of sugarBEAT. Subsequently, the company is also planning to launch its product in Germany, Saudi Arabia, and the United Arab Emirates. Overall, we could be looking at exciting times ahead for NMRD stock. Would you consider it a top watch now?

By Josh Dylan

Josh Dylan is an active contributor to StockMarket.com. His forte is in geosocial events and emerging trends in the stock market today. As an active contributor to other financial outlets like MarijuanaStocks.com, his ability to study current events and determine the potential market reaction is what sets him apart from other writers.

After studying at UC Santa Cruz and earning a bachelor's of art and art history, Josh also went on to start his own business in art resale. Identifying underserved niches like this has allowed him to think outside the box when it comes to applying this approach to the stock market.

His new-age take on social media and branding gave Josh the foresight to apply certain lifestyle trends to market moving topics. This has included the recent trend in the cannabis industry and marijuana stocks as well as following emerging technology such as artificial learning and web-bots. Fundamentals are just as important as momentum in Josh’s opinion. Being able to understand how to apply popular trends to investing is of major importance. If the price of oil is sinking but the price of gold is following along, we want to understand why, not just follow the broader trend.

Josh Dylan makes it a point to not only mention what hot “today” but also find ways to apply that to find future opportunity in the stock market. What’s more is that Josh has become an active part in the StockMarket.com social media team. He works to delivery top research not only one StockMarket.com but also bring it to the readers, directly.

By studying the macro-economic events in the market, Josh makes sure to find events that could shift micro-economic trends. He prides himself on taking a unique approach to information but not taking things for “face value”. When it comes to the stock market, things can change at a moment’s notice and Josh makes sure to stay ahead of that with sound research and diligence. When Josh isn’t writing about the stock market, he enjoys spending time with his family and surfing. He currently calls Southern California his home.

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