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What Are The Best Stocks To Invest In Now? 2 Health Care Stocks To Watch

Health care stocks to check out in the stock market now.

what are the best stocks to invest in right now health care stocks

The healthcare sector encompasses a wide range of companies involved in medical services, pharmaceuticals, medical equipment, and health insurance. This sector is essential due to its direct impact on human health and well-being. It is known for its resilience, as healthcare demand often remains stable regardless of economic cycles. This sector is continuously evolving, driven by technological advancements and research breakthroughs.

Investing in healthcare stocks offers certain advantages. These stocks can provide stability, as the demand for healthcare services and products is relatively inelastic. This sector is also poised for long-term growth due to aging populations and increasing health awareness. However, there are also disadvantages. The healthcare industry is subject to stringent regulations, which can affect company profits. Additionally, high research and development costs, especially in the pharmaceutical sub-sector, can impact earnings.

Healthcare stocks also face unique market risks, such as patent expirations and drug approval uncertainties. These factors can lead to volatility in stock prices. Investors looking into this sector should have an understanding of these dynamics. With this being said, here are two healthcare stocks to watch in the stock market today.

Health Care Stocks To Watch Now

Eli Lilly & Co. (LLY Stock)

Firstly, Eli Lilly and Company (LLY) is a global pharmaceutical company with a significant presence in the healthcare industry. The company focuses on discovering, developing, and marketing pharmaceutical products, particularly in areas like endocrinology, oncology, and mental health. Eli Lilly is also known for its contributions to insulin production and treatments for diabetes, among other therapeutic areas.

Earlier this month, Eli Lilly & Co. announced its first-quarter 2024 dividend. Diving in, the company’s Board of Directors has declared a dividend for Q1 2024 of $1.30 per share on common stock. For context, this is a 15% increase in the company’s quarterly dividend. Furthermore, the dividend is payable on March 8, 2024, to shareholders of record on February 15, 2023.

In 2023 thus far, shares of LLY stock have advanced by 62.37%. Meanwhile, during Wednesday’s late morning trading session, Eli Lilly & Co. stock is trading higher on the day up 1.40% so far, trading at $592.64 a share.

[Read More] Best Stocks To Buy In December 2023? 3 Mag 7 Stocks To Watch

Merck & Company Inc. (MRK Stock)

Next, Merck & Company Inc. (MRK) is a global pharmaceutical company. Merck focuses on the development, manufacturing, and marketing of a wide range of innovative medicines, vaccines, and animal health products. The company has a strong focus on areas including oncology, infectious diseases, and cardiovascular health.

At the end of last month, Merck also announced its first quarter 2024 dividend. In detail, the company’s Board of Directors has declared a quarterly dividend of $0.77 per share on common stock. Moreover, the dividend will be payable on January 8, 2024, to shareholders of record on December 15, 2023.

Year-to-date, shares of MRK stock have pulled back by 5.39% so far. While, during Wednesday’s late morning trading session, Merck & Company stock is trading green up 0.77%, at $105.16 a share.

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By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

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