Dental care supplier\u00a0Henry Schein\u00a0advanced in Monday trading as investors bet that Robert F. Kennedy Jr., President-elect Donald Trump\u2019s pick for Health and Human Services secretary, could recommend removing fluoride from the U.S. water system, a move that would lead to a boom in dental visits.<\/p>\n
Shares of Henry Schein shares jumped nearly 5%, on track for its best day since July. Fellow dental product makers\u00a0Dentsply Sirona\u00a0and\u00a0Envista\u00a0also edged higher in the session.<\/p>\n
Monday\u2019s moves come as investors ready for public health changes under a second Trump administration. Kennedy\u00a0posted on X\u00a0before the presidential election this month that a \u201cTrump White House will advise all U.S. water systems to remove fluoride from public water.\u201d<\/p>\n
Fluoride has long been shown as an effective method for fighting cavities. But the mineral has found itself at the center of a\u00a0nationwide fight\u00a0that\u2019s led some local communities to end programs centered on its insertion into public water.<\/p>\n
While Kennedy will\u00a0need to win Senate approval\u00a0to take the job, market participants are already zeroing in on a group of stocks that make dental hygiene products as potential beneficiaries of his policies. That\u2019s because taking fluoride out of water would actually put the tooth cleaning industry in higher demand as consumers look elsewhere to fight cavities, according to firm Gordon Haskett.<\/p>\n
\u201cThe thought here is RFK will bring to HHS a voice that is in favor of reducing, or eliminating, the amount of fluoridation that is added to drinking water,\u201d Don Bilson, Gordon Haskett\u2019s head of event-driven research, told clients in a Monday note. \u201cThis will, in turn, lead to an acceleration of tooth decay and more dental visits.\u201d<\/p>\n
Given this, Henry Schein and other stocks in the space offer a bright spot within a sector that has largely struggled since the election. The\u00a0Health Care Select Sector SPDR Fund (XLV)\u00a0has tumbled around 3.5% in November, putting it on track for its first three-month losing steak since last year. By comparison, the broad\u00a0S&P 500\u00a0has climbed more than 3% in the month.<\/p>\n
Gordon Haskett\u2019s Bilson also pointed out that dental stocks were some of the few \u201cspared\u201d health-focused equities as investors responded to the announcement of Kennedy\u2019s nomination last week.\u00a0Pharmaceutical names\u00a0were under pressure given Kennedy\u2019s reputation as a vaccine skeptic, while\u00a0processed food stocks\u00a0took a hit as traders geared up for increased scrutiny of so-called junk food.<\/p>\n
\u201cIt caused widespread selling across the healthcare landscape,\u201d Bilson said of the decision to select Kennedy. \u201cDrugmakers, contract research organizations, and health insurers all felt the quake. Rather than stop there, the damage spilled into packaged foods. And advertising.\u201d<\/p>\n
While the market appears to be moving on Kennedy\u2019s nomination, Bilson said that regulatory changes would likely take years to come into effect. He also noted that drinking water should fall more under the Environmental Protection Agency than Health and Human Services.<\/p>\n<\/p>\n
Dental care supplier\u00a0Henry Schein\u00a0advanced in Monday trading as investors bet that Robert F. Kennedy Jr., President-elect Donald Trump\u2019s pick for Health and Human Services secretary, could recommend removing fluoride from the U.S. water system, a move that would lead to a boom in dental visits. Shares of Henry Schein shares jumped nearly 5%, on track […]<\/p>\n","protected":false},"author":0,"featured_media":12422,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=12421"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/12422"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=12421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=12421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=12421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}