DXCM - 2 Medical Device Stocks to Buy Hand Over Fist in March
2024-03-08 09:15:00 ET
A good way to invest in the healthcare industry's continued growth is by targeting businesses that make medical devices. Such equipment aids physicians in surgery, helps patients recover, and can assist people in staying on top of chronic conditions, including hypertension and diabetes.
This hasn't exactly been a hot place to invest in, however. Since 2021, the iShares US Medical Devices ETF has risen by just 6%, while the S&P 500 has achieved gains in excess of 36%. But as many investors have been overlooking medical device stocks, that has created some attractive buying opportunities today.
Two stocks that are big players in this space and that can make for solid investments are Medtronic (NYSE: MDT) and DexCom (NASDAQ: DXCM) . These are stocks investors should buy hand over first given their strong financials and long-term growth opportunities.
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2 Medical Device Stocks to Buy Hand Over Fist in March