The Buzz

All markets and investing news all the time

Stupid Stock Move of the Day! Hospital stocks up?

June 11, 2012: 1:56 PM ET

Sometimes there is no shame in waiting for an event to happen and then making an investment decision based on that. The looming Supreme Court decision on health care reform seems like one of those times. It's impossible to know just what the nine justices will do. The whole bill could be overturned. Parts of it could be upheld while others are struck down or neutered. It's a bit dizzying to think of all the permutations for investors.

With that in mind, I think investors would be wise to ignore the Citigroup upgrade of Community Health Systems (CYH), HCA (HCA) and several other hospital stocks. Hospitals, along with insurers like UnitedHealth (UNH), WellPoint (WLP) and Humana (HUM) could have the most to gain (or lose) depending on the outcome of the case.

Buying hospital stocks and other health care companies this week could turn out to be a prescient, lucrative move. Or it could be a disaster. Unless you want to worry yourself stick (hope you have good insurance!) about it, just sit back and wait for the decision.

Join the Conversation
Fear & Greed
Sponsored by
About This Author
Paul Lamonica
Paul R. La Monica
Assistant Managing Editor, CNNMoney

Paul R. La Monica is an assistant managing editor at CNNMoney. He is the author of the site's daily column, The Buzz, and also tweets throughout the day about the markets and economy @LaMonicaBuzz. La Monica also oversees the site's economic, markets and technology coverage.

To view my watchlist

Not a member yet?

Sign up now for a free account
Stupid Stock Move of the Day
#StupidStock Move of the Day! How about the whole market/ Dow down nearly 100? GDP news is good. Don't make it about Fed rate hike fears.
Powered by WordPress.com VIP.