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Buy the Dip in These 3 Healthcare Stocks Right Now

According to a Monthly National Health Spending report, expenditure increased 6.3% year-over-year to $4.09 trillion in September 2021. Also, with high GDP growth, health spending now accounts for nearly 17.5% of GDP. The global healthcare and pharma market is expected to reach $1.58 trillion by 2027, registering a 4% CAGR. And investors’ interest in the healthcare sector is evident in the Health Care Select Sector SPDR Fund’s (XLV) 16.8% gains year-to-date.

Therefore, fundamentally strong healthcare stocks Pfizer Inc. (NYSE:PFE), Abbott Laboratories (ABT), and Agilent Technologies, Inc. (A), which have suffered price declines lately, could be ideal picks now.

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