The stock market hasn’t gone anywhere in two years, and investors are searching for returns. Through the market’s malaise, one sector has shined bright: Medical Devices.
Medical device stocks are like technology stocks with more certainty and consistency. They have the ability to invent a new device and get a profit stream which could last for years.
The negative is these stocks often have estimated long-term growth rates that are lower than tech stocks. But in the end many tech stocks flame out.