Conventional wisdom suggests that the health-care sector is a boring, defensive place to park your investment dollar. After all, health-care spending is relatively non-cyclical and benefits from a high degree of inelastic demand (i.e., price increases have a small impact on consumption). While that might be true at a high level, competition for that spending is extremely fierce, and regulatory risks create incredible uncertainty and volatility for investors in many individual health-care stocks. The industry stayed true to its defensive reputation in today's down market, as the aggregate industry rose despite a broader market sell-off. Let's look at a few companies that led the pack higher.
After a collapse of epic proportions yesterday, Peregrine Pharmaceuticals
Also flying high, albeit at a much lower altitude, was Antares Pharma
Lastly, shares of Neogen
Foolish bottom line
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Brenton Flynn owns no shares of the companies mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.