Retirement Stock Portfolio: 5 Safe Healthcare Stocks to Consider

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1. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Hedge Fund Holders: 92  

Thermo Fisher Scientific Inc. (NYSE:TMO) offers life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and services worldwide. It is one of the major healthcare stocks for a retirement stock portfolio. On October 31, Thermo Fisher Scientific unveiled that it is acquiring The Binding Site, a UK-based diagnostic product maker for £2.25 billion from private equity firm Nordic Capital in an all-cash transaction. 

On November 1, Baird analyst Catherine Ramsey Schulte maintained an Outperform rating on Thermo Fisher Scientific Inc. (NYSE:TMO) stock and lowered the price target to $665 from $695, noting that the company’s Specialty Diagnostics segment typically gets the least investor attention/interest but a deal on it could be accretive to both overall revenue and growth margins.

At the end of the third quarter of 2022, 92 hedge funds in the database of Insider Monkey held stakes worth $6.8 billion in Thermo Fisher Scientific Inc. (NYSE:TMO), compared to 93 in the preceding quarter worth $7.8 billion. 

In its Q2 2022 investor letter, Stewart Asset Management, an asset management firm, highlighted a few stocks and Thermo Fisher Scientific Inc. (NYSE:TMO) was one of them. Here is what the fund said:

“Recently we initiated two new investments. One in Thermo Fischer Scientific (NYSE:TMO), a supplier to the life sciences industry. We have followed the company for many years and the recent downturn in share price gave us a good entry price at which to invest. Thermo has had strong earnings growth for many years and is led by a superb team. The company’s recent acquisitions make it a full-service supplier to the biopharma and biotech industries.”

You can also take a peek at 10 Growth Stocks with Upside Potential and 14 Best Agriculture Stocks To Buy Now.

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