Sometimes, an investor will strike an interest in a certain sector within the stock market, only to regret their decision a few days later when shares start to experience volatility. Of course, volatility and the stock market go hand-in-hand, but, there are ways to reduce the amount that investors witness within his or her investment portfolio. How? Well, you might want to think about looking into Canadian healthcare stocks.
Sure, it might not be as interesting as the cryptocurrency market, but the healthcare sector has solid growth potential. In fact, for seven out of the past ten years, the healthcare industry has been a top-three-performing sector. Plus, we know for sure that the healthcare industry isn’t a speculative bubble, which helps to add to investor confidence.
So, if you’re looking to lean on healthcare stocks in the future, which ones should you be adding to your portfolio as we move forward with the new year? Based on today’s market results, here are two Canadian healthcare stocks that show a whole lot of promise.
Healthcare Stocks
- MPX Bioceutical Corp.
Headquartered in Ontario, Canada, MPX Bioceutical Corp. (MPX:CNX) deals primarily with manufacturing natural health products. As of this writing, the company is trading at $0.69, which puts the stock up $0.08, or 13.11%.
Over the course of the past two months, MPX has been announcing extremely positive news, from signing an agreement with an Israeli Pharmaceutical company to disclosing last week that it has entered into a management and option agreement with a Baltimore dispensary. For these reasons, MPX Bioceutical Corp. is one of many Canadian healthcare stocks investors might want to keep an eye on going forward.
- THC Biomed International Ltd.
As of writing, THC Biomed International (THC:CNX) is trading at $1.61, putting the THC stock up $0.03, or 1.90%. This might not be as impressive as MPX Bioceuticals nearly 15% increase, but this Kelowna-based company still has a lot to offer. For starters, the company is a licensed producer under Canada’s ‘Marijuana for Medical Purposes Regulations’. This makes the company a credible source. Additionally, THC just submitted its application to oversee retail stores in Manitoba.
The Takeaway
There are a number of other Canadian healthcare stocks worth adding to your investment portfolio, but anyone looking to get into it today, Tuesday, February 6, might want to consider the above mentioned as both are dominating the market today.
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