NNOX - 2 Top Medical Device Stocks to Buy in November
Savvy growth investors are always on the hunt for small and mid-cap companies that can one day balloon into mega-caps, taking even small initial investments on an awesome ride. One great example of a company that's experienced this transformation is Intuitive Surgical , the manufacturer of da Vinci surgical systems. Since its initial public offering (IPO) in June 2000, the stock has soared over 12,250%. The once $350 million company is now an $82 billion dollar business, thanks mostly to the da Vinci system, which is the only surgical robot on the market designed for general surgery, according to the ECRI Institute. Intuitive is a great example of the fact that small-cap companies have the ability to increase shareholder value over relatively short amounts of time in ways that most large-cap companies don't. That's why most of my stock research is done in the small and mid-cap arena .
Nano-X (NASDAQ: NNOX) and Inari Medical (NASDAQ: NARI) are medical device makers, and both are relatively small right now. Nano-X is a small-cap with a $1.57 billion market capitalization, while Inari is technically a mid-cap, valued at $3.74 billion as of Nov. 11. These companies have less proven products than Intuitive Surgical, and either might fail to advance daring new products to market. Because of that, new investors might want to keep make their initial positions small. But if they are right, the upside could still be tremendous. Here's why growth investors might want to keep their eyes on Nano-X and Inari Medical.
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2 Top Medical Device Stocks to Buy in November