Time to Prescribe Drugstore Stocks?
The Standard & Poor's 1500 Drug Retail subindustry index recently saw its relative strength ranking (RSR) rise to three from two, indicating that its trailing 12-month price performance is now in the middle 40% of all 136 subindustry indexes in the S&P 1500 (it had been in the lowest 30%). Year to date through May 31, the S&P Drug Retail Index gained 10.9%, vs. an 8.5% gain for the S&P 1500. In the past 13 weeks, this subindustry index gained 11.9% compared to the market's climb of 8.8%.
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