Healthcare Stocks
Monkeypox cases rising in Canada: Time to explore healthcare stocks?
- August 13, 2022 08:00 AM EDT | Kajal Jain
The TSX healthcare index jumped higher on August 10 in the face of latest data released by the PHAC regarding monkeypox cases. Amid such health concerns, let us learn about eight Canadian healthcare stocks that investors could look at.
5 TSX health stocks to buy as COVID and monkeypox cases spike in Canada
- July 18, 2022 04:54 AM EDT
- Kajal Jain
2 healthcare stocks to buy amid monkeypox and COVID-19: DOC & WELL
- June 30, 2022 06:08 AM EDT
- Raza Naqvi
CGS, GLH, PME: ASX healthtech stocks with modest 3-year returns
- June 27, 2022 07:01 PM AEST
- Aditi Sarkar
TSX stocks to buy as WHO considers declaring monkeypox global emergency
- June 24, 2022 07:19 AM EDT
- Raza Naqvi
TSX stocks to buy as WHO considers declaring monkeypox global emergency
- June 24, 2022 07:19 AM EDT | Raza Naqvi
For many years, monkeypox was only seen in Africa, but since May, there have been reports of cases worldwide.
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Canada inks $56M deal with Bavarian Nordic (BAVA) for monkeypox vaccine
- June 07, 2022 03:42 AM EDT | Reuters
Danish biotechnology company Bavarian Nordic (CPH: BAVA) said on Tuesday it had signed a $56 million contract with Canada for its smallpox vaccine, which is also approved for use against monkeypox in the country, with deliveries starting next year....
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Tonix (TNXP) stock soars after monkeypox-related patent. Buy call?
- June 01, 2022 12:29 PM EDT | Kajal Jain
Stocks of Tonix Pharmaceutical (NASDAQ: TNXP, TNXP: US) swelled by nearly 49 per cent to C$ 3.635 per share at 10:19 AM EST on Wednesday, June 1. This price surge came as the biotechnology company announced receiving a patent from the US Patent and...
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Is CloudMD (TSXV: DOC) a cheap telehealth stock to buy right now?
- May 31, 2022 11:08 AM EDT | Kajal Jain
Stocks of CloudMD Software (TSXV: DOC) zoomed by nearly 27 per cent on Monday, May 30, after it reported a significant revenue surge in its first-quarter results for fiscal 2022. The Canadian healthcare tech company said that it achieved revenue gr...
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Monkeypox spreads in Canada: 5 vaccine stocks to keep on your radar
- May 28, 2022 12:01 AM EDT | Kajal Jain
Highlights Cases of monkeypox are increasingly being reported across the world, including Canada. Healthcare stocks, particularly the vaccine makers, are again in the spotlight as monkeypox. SIGA Technologies’ IV product has reported...
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Celebrate Mental Health Awareness month with these Canadian stocks
- May 18, 2022 08:57 AM EDT | Kajal Jain
Highlights Mental Health America (MHA) has been recognizing May as a Mental Health Awareness month since 1949. The theme for this event is “Back to Basics” for 2022. Numinus has received approval from Health Canada through its Spec...
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BLU, VMD, FRX, CPH & TH: 5 TSX healthcare stocks beating the odds
- May 06, 2022 08:04 AM EDT | Sundeep Radesh
Highlights The S&P/TSX Capped Health Care Index has lost 26 per cent year-to-date (YTD) About 15.6 per cent of Canadians were aged 65 years and older in 2014 and this number is expected to surge by over 50 per cent come 2030 Some investors...
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Why did Nkarta (NKTX) stock slide after surging 141%?
- April 27, 2022 10:03 AM EDT | Kajal Jain
Highlights Stocks of Nkarta Inc (NASDAQ: NKTX, NKTX: US) slid by over 10 per cent on Tuesday, April 26, after rocketing by nearly 141 per cent on Monday. The health stock rose on Monday after the company announced positive preliminary results f...
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Is Well Health (TSX: WELL) a healthcare stock to buy right now?
- April 26, 2022 10:22 AM EDT | Kajal Jain
Highlights Well Health (TSX: WELL) said it expects its revenue to exceed more than C$ 120 million in Q1 FY2022. Its total omnichannel patient visits rose 62 per cent to 772,093 in Q1 2022. The healthcare service company expects free cash flow ...
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Checkmate (CMPI) stock zooms over 300%. Here's what has happened
- April 20, 2022 07:12 AM EDT | Raza Naqvi
Highlights Around 4.6 million Checkmate (CMPI) shares exchanged hands on the Nasdaq stock market Regeneron is looking to acquire Checkmate for US$ 10.5 per share. Checkmate is an evolving company, and in 2021, its research and development expe...
Read More...Frequently Asked Questions
What should I look for in healthcare stocks?
There are multiple ways to look at any stock. It may include looking at fundamentals like dividends, earnings over the last few years, and ratios like price-to-earnings (P/E). The other way might be to look at what the future may hold. In the event of a large-scale demand in the future for a particular drug or vaccine that a company has produced or is likely to produce in the near term, the company's stock may find more backers. A look at what the company provides in the market, which can include hospital services, might be a good way to look at healthcare stocks.
What are the best stocks to invest in Canada?
There is a variety of choices available to the investor. Stocks represent companies that operate in sectors like healthcare, oil and gas, cannabis, and the list is long. The best stocks may relate to a particular industry, for example, the clean energy sector which has participants like Brookfield Renewable Partners, and Northland Power, or they can be a diversified mix of clean energy stocks and other sectors like oil and energy. In order to pick the best, the investor must study a little about the near-term market prospects for the related sector.
What is the fastest growing stock in Canada?
Considering the market environment at the time of writing this, Verde Agritech PLC (TSX: NPK) appears to be one of the fastest-growing stocks in Canada, with a price-to-earnings (P/E) ratio of 114.3. This crop nutrition and input stock has zoomed by over 450 per cent in the last 12 months. On the financial front, Verde Agritech expanded its 2021 net profit by 540 per cent year-on-year (YoY), and it expects 2022 revenue to reach C$ 72.26 million. However, investors should note that a stock’s performance can change depending on market conditions.
Why you should invest in healthcare?
Healthcare stocks represent entities that provide arguably one of the most basic necessities to the wider world. They become even more crucial at the time of a pandemic or a large-scale disease outbreak in any particular region. Healthcare remains a growing sector as cures for all diseases have yet to be identified, and new ones like Covid-19 can crop up at any time. This makes healthcare stocks an interesting watch for a lot of investors.
