Hot stock – Ramsay Health Care (RHC)

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CMC Markets’ Chief Market Strategist, Michael McCarthy, likes Ramsay Health Care (RHC) and, while admitting this may seem a strange call at the beginning of a Commission of Inquiry into aged care, he believes RHC’s international exposures and generally higher standards will see it outperform its peers.  “Currently trading near its lowest PE in six years, RHC has recently moved up and out of its recent trading range. More cautious investors may wait for a break up through $60,” he says.

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