Over the past several quarters, we’ve assembled a Watch List of high-quality names that we’d consider adding on a pullback in the broader market. We revisit these stocks, their stories and their growth prospects.
This leading provider of sterilization equipment and services boasts a defensive business that generates significant recurring revenue and offers exposure to steadily growing demand from hospitals, surgical centers, pharmaceutical manufacturers and medical-device companies. A recent acquisition promises to fuel top-line growth in the near term and over the long haul.
Technical factors and weakness in the US economy suggest that the risk of a 5 percent to 10 percent pullback in the S&P 500 continues to rise. As a precaution, we’ve exited a number of positions in recent months, usually for a profit. We highlight several stocks we’re watching for potential inclusion in our Wealth Builders Portfolio.
We’ve added two new positions to the Wealth Builders Portfolio: A health care name that’s poised to benefit from pent-up demand in its key end-markets and growing consumer confidence, and a restructuring play in the tech sector that should unlock value for shareholders.
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