German Health Care Stocks: Market Leaders?

As we mentioned a couple of weeks ago, most European equity indices are in positive territory this year (lead by the peripherals). And, as the DAX continues to make new highs, we decided to take a quick look at what might be driving performance in MSCI Germany…
image
The Heath Care sector (followed closely by Consumer Staples) has been a significant source of strength in recent history:
image
However, if we look more closely, the reality is that this sector has been largely supported by just one stock:
image
image
Which helps explain why, when we look at the rest of our relative strength point-and-figure charts in the German Health Care sector, most fail to confirm any overwhelming leadership:
image
image
image
image
image

The information listed above is for example purposes only and should not be construed as the Investment Advisor’s opinion or investment outlook.
As of the most recent quarter end, Qiagen was held by the Investment Advisor. Past performance is no guarantee of future results.