TNDM - 3 Fast-Growing Medtech Stocks to Buy
Healthcare stocks haven't been the strongest performers in 2019, but there are still some worth owning. Since stock prices follow earnings over time, and earnings growth is driven in large part by revenue growth, including fast-growing companies like those producing medical devices in your portfolio could be smart.
Here's why breakneck sales growth at InMode (NASDAQ: INMD), Inspire Medical (NYSE: INSP), and Tandem Diabetes (NASDAQ: TNDM) make them worth buying now.
The market for aesthetic procedures like liposuction is massive. Americans alone spend over $8 billion per year on these procedures, many of which are paid for out of pocket. The potential to disrupt this market and win away meaningful market share hasn't been lost on InMode.