Value Deepens for Medtech Stocks Hosted by Laycee KluinNovember 3, 2023 ShareLink copied to clipboard. Play video for Value Deepens for Medtech StocksDetailsGuestsResults from Johnson & Johnson and Abbott Laboratories foreshadow good news for MedTech investors. Both companies outperformed on the top and bottom lines, driven by broad strength in their MedTech units. Based on procedure volume data and the outlook for procedure growth, both companies should continue producing solid results over the next few years, which goes for the industry at large. Because the MedTech stocks are beaten up with a chance of outperforming consensus estimates, and many are trading at significant or critical support levels, a reversal looks imminent for the MedTech market.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioJNJJohnson & Johnson4.8361 of 5 stars$154.05-0.6%3.38%23.18ABTAbbott Laboratories4.973 of 5 stars$128.76-0.5%1.83%16.83ISRGIntuitive Surgical4.6097 of 5 stars$513.63+1.1%N/A80.15BAXBaxter International4.6224 of 5 stars$30.30-0.4%2.24%-23.68MDTMedtronic4.6665 of 5 stars$84.22-0.1%3.32%25.60SYKStryker4.7549 of 5 stars$365.64+1.3%0.92%47.12 Compare These Stocks Add These Stocks to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. 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Hosted by Laycee KluinNovember 3, 2023 ShareLink copied to clipboard. Play video for Value Deepens for Medtech StocksDetailsGuestsResults from Johnson & Johnson and Abbott Laboratories foreshadow good news for MedTech investors. Both companies outperformed on the top and bottom lines, driven by broad strength in their MedTech units. Based on procedure volume data and the outlook for procedure growth, both companies should continue producing solid results over the next few years, which goes for the industry at large. Because the MedTech stocks are beaten up with a chance of outperforming consensus estimates, and many are trading at significant or critical support levels, a reversal looks imminent for the MedTech market.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioJNJJohnson & Johnson4.8361 of 5 stars$154.05-0.6%3.38%23.18ABTAbbott Laboratories4.973 of 5 stars$128.76-0.5%1.83%16.83ISRGIntuitive Surgical4.6097 of 5 stars$513.63+1.1%N/A80.15BAXBaxter International4.6224 of 5 stars$30.30-0.4%2.24%-23.68MDTMedtronic4.6665 of 5 stars$84.22-0.1%3.32%25.60SYKStryker4.7549 of 5 stars$365.64+1.3%0.92%47.12 Compare These Stocks Add These Stocks to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatElon Set to Shock the World by May 1st ?Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believ...Brownstone Research | Sponsored7 Cybersecurity Investments to Protect Your Portfolio, Your Data Investors who were adults before the dawn of the internet can be forgiven for being amazed, and sometimes be...MarketBeatFeds Just Admitted It—They Can Take Your CashHere’s the cold truth: If your money is sitting idle in a bank account, it’s vulnerable. That’s why thousan...Priority Gold | Sponsored20 Stocks Wall Street Analysts Love the MostEvery trading day, between 500 and 800 new recommendations and research reports are issued by sell-side equiti...MarketBeatGet Your Bank Account “Fed Invasion” Ready with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank ac...Weiss Ratings | Sponsored7 Beaten-Down Stocks Ready to Mount a Comeback in 2025 It's a story that investors have seen play out many times. A stock that underperforms the market in one year...MarketBeat
