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Sector ETF report for PSCH
Exchange-traded funds that track the health care sector pushed higher Monday as investors watched for progress on coronavirus treatments. The Select Sector SPDR ETF that tracks health care, often known by its ticker, XLV, was the best performer among all the S&P 500 sectors, up 1.4%, but several other health-care funds were beating it. The iShares U.S. Healthcare ETF rose 1.5%, the Fidelity MSCI Health Care Index was up 1.6%, and the Invesco S&P SmallCap Health Care ETF gained 1.9%. Despite coming from different companies and tracking different indexes, FHLC and PSCH have precisely the same holdings, in the same order, in their top ten, albeit with slightly differing weights. The five biggest holdings for both funds are: Johnson & Johnson , UnitedHealth Group Inc , Pfizer Inc , Merck & Co Inc. , and Abbott Laboratories .
The Medicines Company climbed to an all-time high Tuesday after takeover rumors surfaced. Play the momentum using these tactical ideas.
Total S&P 600 earnings for Q3 are expected to be down 19.5% from the same period last year on 3.6% higher revenues. However, these sectors outperformed.
Sector ETF report for PSCH