EW - 3 Medical Device Stocks Outpacing the Healthcare Industry This Year
2023-05-01 06:30:00 ET
Medical device makers are outperforming the general healthcare market so far this year as supply issues ease and the volume of medical procedures is increasing.
Three examples are Medtronic (NYSE: MDT) , Edwards Lifesciences (NYSE: EW) , and Stryker (NYSE: SYK) , each of which is up more than 15% this year. The rest of the healthcare industry, on the other hand, has mostly seen its shares decline. The Health Care Select Sector SPDR ETF and the iShares U.S. Healthcare ETF are down more than 3% and 6%, respectively.
Let's see what the prospects are for these medical device stocks to continue outperforming this year.
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3 Medical Device Stocks Outpacing the Healthcare Industry This Year