Goldman Sees Health-Care Stock Relief Rally After Super Tuesday
- Options show similar patterns to those seen in prior rebounds
- Backdrop creates setup for gains, given valuation discounts
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One of the most important days of the presidential primaries is likely to be followed by another relief rally in health-care stocks, a Goldman Sachs analyst predicted.
Today is Super Tuesday, when a large number of states hold primary elections, and health-care share prices reflect “too much certainty” that self-described democratic socialist Bernie Sanders will win the Democratic nomination, Goldman analyst Asad Haider cautioned. The field is “once again wide open” as former Vice President Joe Biden’s prospects improve, he told clients in a note.