Wall Street is closely following the House vote on the American Health Care Act. Health care stocks are almost guaranteed to move in one way or the other next week, depending what happens this afternoon.
But the House vote is just the beginning. "Wall Street seems to understand that the House bill is not the final product, and some of the draconian measures that are most negative to the group almost certainly will be removed to get the bill through the Senate," Spencer Perlman and Sumesh Sood of investment research firm Veda Partners said in a research note Friday.
Here's what could happen to health care stocks in the short term.