News that Pfizer was considering selling its consumer-products division in order to shore up shareholder value gave pharmaceutical stocks a boost on Wednesday.
Pharmaceutical HOLDRs (PPH) and iShares S&P Global Healthcare Sector (IXJ) are two ETFs where investors can make a diversified play in pharmaceutical stocks. In fact, Pfizer is the largest holding in each.
Technically speaking, now isn’t a bad time to consider these ETFs as both are just about to trade above their individual long-term trend lines (200-day moving average).
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.