Most of the global market’s sectors have been suffering from the economic slowdown while the health care sector has emerged as a safe environment. Year to date the SPDR S&P 500 ETF increases more than 6%. Meanwhile, the Health Care SPDR exchange-traded fund has been somewhat flat. However, according to analysts, the sector will perform in greatly various ways as businesses have the greatest potential due to innovative devices and new drugs while others’ earnings will take a hit. The following are top health care stocks to buy.
Novo Nordisk (OMX: NOVO B, NYSE: NVO) has become one of the world’s leading companies in diabetes cares. It accounts for 71% of total sales of insulin in China which is one of Asian countries with incidence of diabetes on the rise. Fortune has named Novo Nordisk in the list of 100 Best companies to work for 2010.