How RFK Jr. Is Influencing These Surprising Stocks — Should You Invest Now?
Written by
Jordan Rosenfeld
Edited by
Molly Sullivan
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President-elect Donald Trump’s pick to oversee the U.S. Department of Health and Human Services (HHS), Robert F. Kennedy Jr., has been critical of a number of federally funded public health programs, including fluoride in the water supply. While this has led to some public controversy, it’s had a surprisingly positive effect on dental adjacent stocks.
While the public is grappling with Kennedy’s position on fluoride, dental services companies, such as Dentsply Sirona, Envista, Henry Schein Patterson Companies and more have jumped, potentially showing out as a hot new stock type to invest in.
While these stock jumps could be one-offs, Kennedy continues to be vocal against fluoride and, if he is appointed in the Republican-controlled Congress, may be able to enact fairly swift changes to how fluoride is delivered. NPR reported that Kennedy said on MSNBC’s Morning Edition, “We don’t need fluoride in our water,” calling it, “a very bad way to deliver it into our systems.” Kennedy suggested that there is research underway that will confirm his point of view.
Meanwhile, dental experts and associations continue to hold that fluoride is not only safe, but necessary to prevent tooth decay and disease. Dr. Aaron Yancoskie, associate dean of academic affairs at Touro College of Dental Medicine, told CBS Mornings Plus there is “excellent, solid data going back 75 years showing that fluoride is both safe, and it’s extremely effective at decreasing dental decay, that is, cavities, by strengthening the enamel of our teeth.”
With a possible threat to current fluoride programs underway, now may be the time to jump on these dental adjacent stocks. How should you decide to invest in these stocks or not?
Be Strategic
While it’s exciting to think you might be able to get in on a stock that’s surging in price, you never want to be rash when it comes to investing. A dental company stock has to fit with your goals and portfolio for diversification and risk tolerance.
The Best Time To Buy Was Yesterday
Another reality of investing is that the best time to buy a hot surging stock was “yesterday” — meaning, before everyone jumped on it, because now the price will go up and you could end up earning less on the value of the stocks. Sometimes, a trend is just a trend, and not an indicator in actual share value. You could be disappointed. Consult with an investing advisor if you’re not sure.
Understand Stock Types
Additionally, stocks are not all the same. You need to know your stock types before you leap. As GOBankingRates has previously reported, there are different stock types that net you different results, such as:
- Growth stocks: Shares in new or younger companies with the highest growth potential, which can also be volatile.
- Value stocks: Shares of companies traded at a discount with the hope that they’ll increase in value in the long term. You hold onto these.
- Dividend stocks: Stocks that provide shareholders a type of earning known as dividends, a steady flow of income that isn’t influenced by current market price.
Open or Have a Brokerage Account
If you don’t currently have a brokerage account, it will make investing in any stocks more difficult. Most retirement plan stock investments are already established, and it may be difficult to add these types of dental stocks into a retirement portfolio. Instead, you’ll need a brokerage account where you have more flexibility to play with stocks.
Consult With an Investment Broker or Financial Advisor
To make sure you aren’t wasting money on a trend that isn’t sure to last, consult with a financial planner or investment broker to see if it makes sense to add these stocks. If you have some financial leeway, you can always take a risk on a rising hot stock, but never do so at the expense of your goals or emergency funds.
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