Although flu cases are still low around the United States, there are early signs of the virus beginning to spread. The flu season typically starts in October and peaks between December and February.
Before the flu season peaks, investors could consider adding medical stocks Walgreens Boots Alliance, Inc. (WBA – Get Rating), Clicks Group Limited (CLCGY – Get Rating), and CVS Health Corporation (CVS – Get Rating) to their watchlists.
Before diving deeper into the fundamentals of these stocks, let’s discuss why the medical industry is well-positioned for growth.
The medical industry’s growth is underpinned by the expanding market for flu drugs and vaccines, ensuring stability and resilience against economic fluctuations. The medical industry is expected to perform well as the flu season is yet to reach its peak. Flu activity peaked the most in the month of February.
Every year, millions of Americans get the flu, and several thousand have to be hospitalized. The flu also turns fatal for thousands of people. The Walgreens Flu Index shows that overall flu activity is 66% lower than at the start of the 2022-2023 flu season. However, flu activity has been rising off-late.
Walgreens’ Chief Medical Officer Kevin Ban said, “After several atypical flu seasons, this year’s Flu Index shows a more gradual ramp-up of flu activity closer to the pre-COVID norm.
“While it’s early days and flu season is always unpredictable, our historical data suggest this could be a return to a typical two-wave flu season where activity starts to peak in December and reaches its highest point in February, rather than the single peak we saw last year, which was earlier but lower than the norm,” he added.
The Centers for Disease Control and Prevention (CDC) recommends that everyone above six months of age should get a flu vaccine each year, including those who are pregnant. Moreover, for the first time ever, vaccines are now…
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