Insider Monkey

11 Best Healthcare Stocks Under $50

Fatima Farooq
9 min read

In This Article:

In this article, we will be taking a look at the 11 best healthcare stocks under $50. To skip our detailed analysis of the healthcare sector, you can go directly to see the 5 Best Healthcare Stocks Under $50.

After the COVID-19 pandemic, many investors believed that the shining moment being enjoyed by healthcare and vaccine stocks was finally about to blow over. However, this way of thinking may have been premature. On July 21, the S&P 500 healthcare sector was up by 18.95 points, representing an increase of 1.21%. The sector has been hanging on as the market continues to shift and transform in light of several developments, most notably the influence of artificial intelligence and big tech companies. Considering the popularity of these latter categories of stocks, it will come as a pleasant surprise for healthcare investors that, at this point, financial professionals are considering healthcare to be a sector that is creating more opportunities for the technology industry and those investing in it as well.

"Too Compelling To Ignore"

This trend was noted by Jamie Cox, the managing partner at Harris Financial Group, in a CNBC interview on July 21. In the words of Cox, the healthcare sector, which is viewed as a sector operating just adjacent to the tech sector today, is "too compelling to ignore" at this moment, signaling that those who want to cash in on the booming tech trade this year can take an alternative route through the healthcare sector to achieve their goals. Here are some comments Cox made on CNBC on this matter:

"It's all about healthcare, Dom. I mean, you know, tech and healthcare, the intersection of those two sectors cannot be ignored. There's so much innovation, so much R&D that happened during the pandemic and we're just starting to see some of the pieces of it come to the marketplace. One particular area, medical devices - I mean you have people voluntarily wearing continuous glucose monitors. So companies like Insulet or Dexcom, these are companies that are absolutely knocking it out of the park. People are paying really close attention to healthcare and that is brought about by technology."

Considering these comments, investors can expect to see an increasing interplay between technology companies and healthcare companies in 2023, especially as tech companies themselves begin rapid innovative processes through artificial intelligence. On whether there is an investing angle in healthcare from the tech and artificial intelligence viewpoint, Cox said the following:

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