With a resurgence of COVID-19 cases, the healthcare sector is home to some of the best performing ASX 200 shares on Monday.
The post These ASX 200 healthcare shares are holding up in today’s sea of red appeared first on The Motley Fool Australia. –
Almost every S&P/ASX 200 Index (ASX: XJO) sector opened in red on Monday.
Commodities are logging the heaviest losses, with the S&P/ASX Energy (INDEXASX: XEJ) and S&P/ASX Materials (INDEXASX: XMJ) down 2.12% and 2.36% respectively.
But amidst the sea of red, the S&P/ASX Health Care (INDEXASX: XHJ) is standing tall, up 2.06%.
Top performing ASX 200 healthcare shares today
The CSL share price has emerged as one of the best performing ASX 200 healthcare shares on Monday, lifting 2.49% to $284.63.
Unfortunately, CSL shares have struggled in the past month, losing 9% before today’s rally.
Adding further insult to injury could be this broker downgrade, with Credit Suisse flagging potential margin weakness due to challenging plasma collection conditions.
Sonic Healthcare Ltd (ASX: SHL)
The Sonic Healthcare share price is another ASX 200 healthcare winner on Monday.
Shares in the medical diagnostic services company are rallying towards record territory, currently 1.37% higher to $39.62.
Resmed CDI (ASX: RMD)
The Resmed share price has gone from strength to strength after a stellar performance in June.
Resmed surged in mid-June following news that a competitor had to issue a major product recall for a number of its ventilator devices.
Resmed shares have added another 2.36% on Monday to $34.49, possibly looking at another record close.
The company announced the release of its fourth quarter results will be on Thursday, 5 August.
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)
Fisher & Paykel is another player in the respiratory device space that’s pushing higher today.
At the time of writing, Fisher & Paykel shares are up 1.57% to $29.17.
Despite a small win today, Fisher & Paykel shares have struggled to find headway in 2021, down 5.53% year-to-date.
Alongside its underperformance, a broker note out of UBS flagged the company’s earnings could be under pressure as a result of reduced COVID-19 hospitalisation rates.
The post These ASX 200 healthcare shares are holding up in today’s sea of red appeared first on The Motley Fool Australia.
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Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. and Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.