Stockpickr
Make Money From 'Baby Boomer' Stocks
Stockpickr Staff
02/20/08 - 09:21 AM EST
Over nine months ago James Altucher wrote an article that highlighted a handful of Stock Plays for Baby Boomers.
Since then, more than 2.2 million Americans turned 60. In fact, the Census Bureau estimates that there are more than 80 million within the U.S. alone.
Some of the best hedge funds seem to be jumping on this trade.
Take, for example, Emergency Medical Services (EMS Quote), which last week received a post-earnings upgrade from JP Morgan to overweight. The stock is trading just above its 52-week low. Emergency Medical Services, as its name suggests, provides various emergency and non-emergency ambulance and health care services.
A bunch of hedge funds, including Renaissance Technologies and Vanguard Wellington, favor Emergency.
Also worth looking at is Zimmer Holdings (ZMH Quote), which reported a stellar quarter just a few weeks ago. The orthopedic-device market blew past fourth-quarter estimates; quarterly revenue jumped 15% to $1.07 billion, beating analysts' projection of $1.03 billion. Zimmer also raised its 2008 guidance.
To see the rest of the stocks that make this list, check out the Baby Boomers Part II portfolio on Stockpickr.com.