The health care sector held up relatively well in a difficult year for stocks in 2022. On Wednesday, one analyst adjusted his coverage of two large cap pharmaceutical stocks heading into what could be a volatile 2023.
Tesla Inc (NASDAQ: TSLA) was one of the worst-performing stocks in the market in 2022, but Tesla continued to be one of the best payoffs for short sellers.
Shares of Etsy Inc (NASDAQ: ETSY) spiked in pre-market trading on Wednesday.
The New York-based company exited the pandemic stronger and has been able to hold onto the pandemic gains, according to Needham.