Health Care's Time Has Come to Look Cheap Relative to S&P 500

Updated on
  • Industry has lower forward P/E ratio for first time since 2013
  • Bank of America: Health care now as inexpensive as technology

Health-care stocks have become almost as cheap by historical standards as shares of technology companies, according to Savita Subramanian, chief U.S. equity strategist at Bank of America Corp.’s Merrill Lynch unit.

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