Welcome back for another Top Down Trade of the Week.
This is a classic leadership scan.
We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.
This week’s standout is Healthcare, which climbed to the 4th spot in our sector rankings.
The market finished the week on a strong note, with the major averages closing at fresh all-time highs.
Through the recent dip and rally, Healthcare has performed as well as anything. This is especially true for the most risk-on areas of the sector, which are embarking on fresh trend reversals.
Here’s a look at our overall industry rankings, which show Life Sciences Tools jumping five spots to reach the top.
It’s a diverse mix of offensive stocks within this subgroup — not your typical slow, defensive names, but more innovative, growth-oriented ones that tend to lead when investors are embracing risk.
Here are the Top 10 names in the Life Sciences Tools subsector, ranked by relative strength.
This week’s spotlight stock is Fortrea Holdings $FTRE:
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