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Speaker 2: It's been a very rocky road so far for healthcare stocks,

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Speaker 2: so do you think that the sector will perform better

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Speaker 2: next year? We can talk about the teriffs in phases.

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Speaker 2: I know that's overseas pharmaceuticals is one of the things

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Speaker 2: that Trump put tariffs on, so I believe it's fifty

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Speaker 2: on overseas pharmaceutical one hundred hundred, one hundred percent of

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Speaker 2: overseas pharmaceutical and then of course the Olympic lawsuit, so

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Speaker 2: there's been a lot of hot profile things that have

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Speaker 2: hurt healthcare stocks. Don't talk about Eli Lily a lot,

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Speaker 2: but uh yeah, what's the what's the forward projection for

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Speaker 2: healthcare stocks?

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Speaker 3: I think the healthcare sector will be okay, but one

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Speaker 3: of the biggest mistakes was the sector trying to price

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Speaker 3: in healthcare returns to match tech returns. So if you

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Speaker 3: look even Atli Lily from twenty twenty one, which is

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Speaker 3: at two oh one seventy eight, it ballooned up to

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Speaker 3: nine seventy two fifty three.

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Speaker 4: I love Lily dearly. I think it's one of the

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Speaker 4: most important companies in.

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Speaker 3: Healthcare, but if I had to ask you, just okay,

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Speaker 3: is it more important than the video, Microsoft and Meta?

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Speaker 3: The price gaps became too wide, and I think they

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Speaker 3: began to adjust to prices where they should be.

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Speaker 4: Novos had their issues.

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Speaker 3: We've always talked about it investing into stocks that are

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Speaker 3: domestic and not international first.

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Speaker 4: So I think as a result, the sector will be fine.

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Speaker 3: But if you're looking for high price returns, the only

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Speaker 3: places you really can turn to are bitcoin, which is

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Speaker 3: a tech, and then tech sectors and maybe some energy

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Speaker 3: trow We can talk about Apple loving later, but I

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Speaker 3: think all in all, even with like United Healthcare, the

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Speaker 3: margin structures are dramatically different than a tech company. So

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Speaker 3: I think it's a mistake at times to try and

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Speaker 3: get the same kind of returns that that sector.

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Speaker 4: Normally does not give.

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Speaker 3: Well, next year be a little bit better, yes, but

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Speaker 3: I don't think you should expect thirty five to forty

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Speaker 3: five percent return and healthcare at all.

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Speaker 1: Yeah, I don't think you should ever expect that type

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Speaker 1: of return. If you're in the right place at the

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Speaker 1: right time, it can happen. Healthcare is interesting. I think

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Speaker 1: it's kind of one of these things where you have

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Speaker 1: to see a breakthrough and it has to be something

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Speaker 1: that has strong right, it has to be something with

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Speaker 1: strong policy behind it. There's a lot of different variations

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Speaker 1: of factors that go into making a healthcare stop something

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Speaker 1: that is worth investing in.

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Speaker 4: The interesting part is that.

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Speaker 1: AI is going to disrupt health care, and so there

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Speaker 1: could be right it could help it at scale, and

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Speaker 1: so we could see innovations in biotech. I think we're

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Speaker 1: not We're not far from that, right. Like I talked

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Speaker 1: about this yesterday where Latinet was saying that ten years ago,

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Speaker 1: every company on the stock market is a tech company

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Speaker 1: because it needs a tech component.

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Speaker 4: Yep.

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Speaker 1: And last week he said every company is going to

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Speaker 1: be an AI company because it has to have an

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Speaker 1: AI component, and healthcare is not excluded from that. So

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Speaker 1: innovation will happen how fast? I think it can happen quickly,

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Speaker 1: And if you look at what this administration, especially when

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Speaker 1: when you talk about tariffs, and that's even an interesting

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Speaker 1: proposition in itself, right, Like the tariffs only go into

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Speaker 1: effect at one hundred percent if you're not building a

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Speaker 1: plant inside of the United States, and so that's like,

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Speaker 1: I mean, you're trying to incentivize people to build infrastructure

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Speaker 1: here from the pharmacide. But if they do, then there

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Speaker 1: are no tariffs, right for those companies. I think you

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Speaker 1: focus on if you're investing in healthcare. I think you're

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Speaker 1: focusing on the American companies that have been leading, starting

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Speaker 1: with Lily Johnson and Johnson. I think the best thing

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Speaker 1: to do, right, and we talked about it last week,

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Speaker 1: is go look up these these healthcare ETFs and see

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Speaker 1: what the allocation. Yeah, right, if we look at the Spiderfund XLV,

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Speaker 1: Lily Johnson and Johnson, ABBV, United Health, ADVOD, MERK I

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Speaker 1: used to talk about Thermo official all the time during

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Speaker 1: the pandemic. We're talking about how we're going to get

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Speaker 1: vaccines and that business is going out the window. Right.

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Speaker 1: We talked about what happened. What's happened to Mark you

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Speaker 1: can see as well. Yeah, American companies. If that is

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Speaker 1: what the administration is leaning towards. To me, like I said,

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Speaker 1: you have to have strong policy behind you, I would

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Speaker 1: keep an eye on the top five in XLV uh

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Speaker 1: and and put on my watch list. I definitely any Striker.

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Speaker 1: I think we can put Striker in there, right, Yeah,

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Speaker 1: that's always being of my favorites in terms of healthcare,

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Speaker 1: Lily for sure. But keep them on your watch list, Lily.

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Speaker 1: Obviously it will be the leader. And that has a

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Speaker 1: lot to do with not just the the weight loss drugs,

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Speaker 1: I mean their entire portfolio. But be mindful of the

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Speaker 1: ones that are getting policy behind you.

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Speaker 3: The only three I like in the space. You know, Lily,

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Speaker 3: of course, ABBV and Striker. You're not You're not a

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Speaker 3: healthcare until I get a new CEO and this trial

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Speaker 3: is over with.

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Speaker 4: Oh that's trial.

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Speaker 1: Yeah, yeah, that's right, Yeah.

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Speaker 4: Yeah, rabbit hole, you know.

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Speaker 3: You trying to get canceled this weekend or no, we

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Speaker 3: go deep down the rabbit hole and wrap it up.

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Speaker 3: Got you, Okay, I'm always down to get canceled. Hello,

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Speaker 3: when you invest well investment in Vesco?

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Speaker 2: M hm, you're not getting canceled.

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Speaker 4: What are you doing? We can crash out day whenever

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Speaker 4: you want to.

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Speaker 2: I'm always down for a crash out, She said, what

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Speaker 2: about CVS.

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Speaker 1: I've spoken highly about CVS, and if you've invested in CVS,

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Speaker 1: you've so great returns on that as well.

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Speaker 4: I like CVS too.

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Speaker 2: So for people that you know. Obviously, healthcare is the

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Speaker 2: number one expenditure of the United States government, essentially the

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Speaker 2: biggest industry in the world. Should people have healthcare as

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Speaker 2: part of their portfolio?

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Speaker 4: Yeah, only literally, abbv Instrucker.

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Speaker 3: The other part that's unfortunate is that we spend all

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Speaker 3: this money on healthcare, but we are one of the

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Speaker 3: sicker major countries in the world, so it's not for

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Speaker 3: our benefit per se.

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Speaker 4: Do I think there's great leadership Lily, yes, Abbv Yes.

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Speaker 3: Striker, Yes, I think even United Healthcare has a chance

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Speaker 3: to turn itself around. But the mistake was because at

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Speaker 3: one point when Novo was taken off, The thought was

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Speaker 3: what if we can get healthcare returns to look like tech.

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Speaker 3: And that's when you started putting our drugs and overqualifying

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Speaker 3: them and overstating with the benefits who could be we're

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Speaker 3: out looking at the.

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Speaker 4: Risk and that destroyed Novo's business.

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Speaker 3: So exposure is great for sure, but those are the

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Speaker 3: freak three that I will leave into ernest.

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Speaker 4: What's up? Look?

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