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 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), 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.
More from Investing
Warren Buffett Seeks Fed's OK to Boost Bank of America Stake Past 10% - Report
Warren Buffett is petitioning the Federal Reserve to allow him to increase his stake in the bank.
Citigroup Beats Q3 Earnings Forecast; Interest Margins Slip, Credit Losses Grow
Citigroup posts stronger-than-expected third-quarter earnings Tuesday and forecasts full-year revenue growth that partially offset concerns over an an increase in net credit losses, as well as a slip in a key measure of lending profits.
JPMorgan Blasts Q3 Earnings Forecast as Fixed Income Revenue Jumps
JPMorgan posted better-than-expected third quarter earnings Tuesday as revenues from its fixed income division, as well as net interest income, surprised to the upside.
Goldman Sachs Misses Q3 Earnings Forecast as Investment Banking Revenue Slides
Goldman Sachs posts weaker-than-expected third-quarter earnings Tuesday as investment banking revenues slump amid weakest period for capital markets issuance in at least seven years.