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Does MM Like US medical device companies ( Stryker, Abbott etc )?

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Does MM Like US medical device companies ( Stryker, Abbott etc )?

Would MM consider investing in US medical device companies (Stryker, Abbott etc ) now that older, cashed-up Americans are increasingly undergoing medical device replacements ? J.

Answer

Hi John,

Until the US and Western World deal with the cause of these growing health issues such medical device companies as a broad collective should be well positioned although it can be a volatile sector on a stock-by-stock basis.

  • The 2 companies you mentioned Stryker Corp (SYK US) and Abbott Labs. (ABT US) both look good with the former on track to make fresh all-time highs this side of Christmas – the next 10-20% move looks to be on the upside for both.

An alternative way of playing the space is via ETF’s , there are numerous of these on offer in the US plus the DRUG, IXJ and HLTH ETF’s which are traded locally on the ASX.

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Stryker Corp (SYK US)
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