Oct 30, 2021 (StockMarket.com via COMTEX) -- 4 Top Health Care Stocks For Your November 2021 Watchlist
Like it or not, health care remains a crucial and growing industry in the world today. Because of this, some would argue that health care stocks remain viable plays in the stock marketnow. Generally speaking, the health care industry continues to play a major role in the ongoing fight against the pandemic. From biotech firms creating coronavirus vaccines to health care giants providing day-to-day care, this is apparent. For one thing, there are certainly plenty of players to consider in the health care stock trade today.
For instance, we could look at vaccine companies such as Moderna ( NASDAQ: MRNA ) and Johnson & Johnson ( NYSE: JNJ ). Since receiving the green light from U.S. regulators last week, the duo have inoculated about 1.5 million Americans with booster shots. Not to mention, the Centers for Disease Control and Prevention are already considering the possibility of a fourth shot for the immunocompromised. Aside from that, there are also other notable developments to note in the health care industry regularly. Take HCW Biologics ( NASDAQ: HCWB ), for example. Earlier today, the company received FDA clearance to advance studies on its pancreatic cancer treatment.
Overall, these are but two instances of the health care industry's current happenings. Supporting all of this would be President Joe Biden's plan to expand nationwide health care programs. The likes of which are part of his $1.75 trillion domestic spending package and will likely see the expansion of Medicare benefits. Ideally, all this would see more federal funding heading towards health care, if the bill is passed. Should you be keen on investing in the top health care stocks in the stock market today , here are four to watch this upcoming week.
Top Health Care Stocks To Watch Right Now
Merck & Company Inc. ( NYSE: MRK )
Community Health Systems Inc. ( NYSE: CYH )
Teladoc Health Inc. ( NYSE: TDOC )
Pfizer Inc. ( NYSE: PFE )
Merck & Company
First up, we have Merck, a multinational pharmaceutical company with headquarters in New Jersey. It is a premier research-intensive company with over 130 years of experience. The company has created game-changing medicine and vaccines to treat many of the world's most challenging diseases. MRK stock currently trades at $88.05 as of Friday's close.
Today, the company has just announced its third-quarter financials. Diving in, the company reported worldwide sales of $13.2 billion, up by 20% year-over-year. Notably, its Keytruda sales grew by 22% to $4.5 billion, while Gardasil/Gardasil 9 sales grew by 68% to $2 billion.
Merck also posted a GAAP net income from continuing operations of $4.56 billion, almost doubling from a year earlier. It also says that it achieved strong performance across its key pillars of Oncology, Vaccines, and Animal Health. It also progressed in its regulatory applications, securing multiple regulatory approvals. With that being said, is MRK stock a top health care stock to consider watching right now?
Community Health Systems Inc.
Next up, we have Community Health Systems, one of the largest providers of general hospital healthcare services. For over 30 years, the company has delivered a wide range of health services and functions to local communities. Given that it is one of the largest hospital organizations in the country, its size provides an advantageous economy of scale and critical resources to help local hospitals identify and act on opportunities. CYH stock currently trades at $13.10 as of the close of Friday's trading session and is up by over 9%. Investors are likely responding positively to the company's latest quarter financials.
Firstly, it reported a net operating revenue of $3.115 billion. This was driven by increase demand for the company's services. Secondly, net income attributable to stockholders was $111 million or $0.85 per diluted share.
Commenting on the results, Tim L. Hingtgen, chief executive officer of Community Health Systems, Inc., said, "During the third quarter, we experienced the largest number of COVID-19 cases to date. We are grateful to our medical staff, clinical support teams, and hospital leaders who again ensured exceptional care for their patients during this latest surge. We are also pleased with our results this quarter, especially as we balanced the demands of caring for COVID-19 patients while remaining focused on our growth strategies, key investments, and operational improvement plans, which we believe will continue to drive positive results in the future." For these reasons, should you consider investing in CYH stock today?