We love buying growth industries, or growth stocks, when they're out of favor. By holding onto them patiently, you ultimately benefit from growth in earnings and expanding P/Es alike as Wall Street falls in love with the stocks all over again.

Right now, with investors busy chasing technology stocks, health care is being spurned. But health care is an undeniable growth area: people are living longer, baby boomers are aging, and pharmaceuticals and various medical products…

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