Health care stocks: What the market technicals show

Why are UnitedHealth, Merck & Company, Johnson & Johnson, and Amgen, are this strategist’s top health care stock picks? Freedom Capital Markets Chief Global Strategist Jay Woods joins Yahoo Finance Live to discuss and break down the market technicals of health care stocks.

Woods says he focuses on those four health care stocks, “because they’re in Dow Jones Industrial Average. If you’re looking for reasons why the Dow can rally, I give you health care.”

The Health Care Select Sector (XLV) “continues to make higher lows, as it goes along,” Woods notes. “If you’re a little skittish on the overall market, health care is a safety sector,” Woods says.

Source: https://finance.yahoo.com/video/health-care-stocks-market-technicals-172458395.html