ISRG - 3 Healthcare Stocks That Would Have Doubled Your Investment in 5 Years
2023-06-06 09:59:04 ET
A big allure of investing in healthcare is that the industry tends to have stocks stable enough to provide you with some long-term safety. Given that the need for healthcare will only grow with an aging population, the industry is also home to some solid growth stocks.
Three relatively safe healthcare stocks that have doubled in value over the past five years include Thermo Fisher Scientific (NYSE: TMO) , McKesson (NYSE: MCK) , and Intuitive Surgical (NASDAQ: ISRG) . Let's find out a bit more about these three growth stocks and see if they are still good buys today.
Thermo Fisher Scientific is one of the largest healthcare companies in the world, with a market cap of $200 billion. Its diverse business involves multiple segments, including life sciences, analytical instruments, specialty diagnostics, and lab products. Thermo Fisher dove deeper into services with its 2021 $17.4 billion acquisition of PPD, a company that specializes in offering clinical research services.
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3 Healthcare Stocks That Would Have Doubled Your Investment in 5 Years