While the phrase ‘invest with conviction’ might sound cliché, it’s a fundamental principle. If you don’t have confidence in a company’s long-term potential, it likely doesn’t belong in your portfolio. While every stock carries risk, Warren Buffett’s advice to “buy what you know” still holds true.
Below, I have highlighted three fundamentally strong high-conviction stocks from the healthcare and pharmaceutical sector: AbbVie Inc. (ABBV), Merck & Co., Inc. (MRK), and Bristol-Myers Squibb Company (BMY) that one could consider investing in the near term. These stocks have earned a ‘Strong Buy’ rating in our proprietary POWR Ratings system.
