This Stock Should Continue to Climb

Today’s chart highlights a big shift in the health care sector…

As regular readers know, our colleague David Eifrig is bullish on health care stocks. All Baby Boomers will be older than 65 by 2030, according to the U.S. Census Bureau.

That means 1 in five citizens will be of retirement age.

And they’ll likely be making more visits to the doctor…

That’s where Laboratory Corporation of America (LH) comes in.

The $19 billion company, best known as LabCorp, is the world’s leading diagnostics firm.

It operates its own network of medical laboratories, providing services like blood tests, urinalyses, and at-home testing kits. And it seems an influx of aging patients is already driving growth… LabCorp brought in more than $2.8 billion of revenue in the first quarter, an 18% year-over-year increase.

For shareholders, the upside of this trend speaks for itself. LabCorp’s stock has climbed nearly 50% over the past two years, recently hitting a new all-time high. As America’s elderly population grows, health care stocks should continue to climb…

Claim a 100% Risk-Free Trial to DailyWealth Trader... [sponsor]
For a limited time, get immediate access to "the best of" Stansberry Research's trading ideas. As one reader said: "I am 11 for 11 so far... in less than 2 months." Learn more here.

Source: Daily Wealth’s Market Notes