THIS BOOM ISN'T STOPPING ANYTIME SOON
Today, we're sharing more proof that the bull market in one sector is still going strong...
For the past several years, our colleague David Eifrig has told his subscribers to put their money to work in health care stocks. He has argued that these companies "have one of the world's greatest tailwinds at their backs."
As Baby Boomers get older, they'll need to spend more money on prescriptions, medical devices, lab tests, and other health services.
Two health care companies have been benefiting from this megatrend: Baxter International (BAX) and Quest Diagnostics (DGX).
Baxter makes systems for treating patients with a range of conditions, including hemophilia and kidney disease.
And Quest is the worldwide leader in diagnostic testing, with more than 2,200 centers across the country. Its roughly 43,000 employees serve one in three adult Americans each year.
As you can see below, shares of Baxter (blue line) and Quest (black line) have surged over the last 15 months. They're up around 50% and 60%, respectively, since the end of February last year...
And both just hit a fresh all-time high (on a split-adjusted basis). This massive trend is going to be around for years to come...
Source: Daily Wealth