Glenview Capital Management CEO Larry Robbins said at the Sohn Investment Confer...
FILE PHOTO: Larry Robbins, Founder, Portfolio Manager and CEO of Glenview Capital Management, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid/File Photo
- Glenview Capital Management CEO Larry Robbins said at the Sohn Investment Conference on Monday that he’s shorting shares of industrial conglomerate 3M Co and is positive on healthcare stocks like Cigna Corp, Humana Inc and UnitedHealth Group Inc. Despite his long call on HMO equities, Robbins said he does not like pharmaceutical stocks due to the political risk, with many Democratic presidential hopefuls - as well as President Donald Trump - opposed to lofty drug prices.
“In pharmaceuticals ... the president can act unilaterally to reduce drug pricing,” Robbins warned. “The same drug in the United States costs three times as much as other” developed countries. Robbins said Glenview has three long and 16 short positions in the pharmaceutical space and recommends investors short any ETF that tracks the space. Long a fan of healthcare stocks, Robbins in 2018 picked Express Scripts-Cigna, CVS-Aetna and McKesson as his winners in the field.Reporting By Jennifer Ablan; Editing by Nick Zieminski
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Glenview's Larry Robbins says he's shorting 3M sharesGlenview Capital Management CEO Larry Robbins said Monday that he's shorting shares of industrial conglomerate 3M.
Lire la suite »
Cnbc @CNBCLIVE: Noted hedge fund manager Larry Robbins, of Glenview Capital, discusses his best idea from SohnConf. Sohn2019
Lire la suite »
Why Larry Nassar sentencing judge Rosemarie Aquilina let victim statements last for days'Part of restitution means making them whole, and making them whole means that they face their devil and tell them exactly what they want so that their healing can begin,' the judge said.
Lire la suite »
Larry Nassar HBO Documentary was in the works before his accusers came forward'There are good people out there, and there are really bad people out there. We need to be aware of where our kids are in a gym situation,' one of the producers told Newsweek.
Lire la suite »
Larry King is recovering in the hospital after undergoing a heart procedureLongtime talk-show host and former CNN interviewer Larry King is recovering in a hospital after undergoing a procedure to address chest pain, known medically as angina, Ora TV said in a statement.
Lire la suite »
Judge rules militia leader should remain jailed as he awaits trialMilitia leader Larry Mitchell Hopkins should remain behind bars pending his trial on a federal weapons charge, a judge ruled
Lire la suite »
Baltimore Mayor Catherine Pugh resigns amid criminal probe over children's bookThe announcement was widely expected as Maryland Gov. Larry Hogan and members of the Baltimore City Council and others had called for the mayor to resign.
Lire la suite »