SYK - Can Medical Device Stocks Help Rebuild Your Portfolio?
While COVID-19 spreads globally, hospitals are preparing to handle an ever-growing influx of people infected with the novel coronavirus. Medical resources -- personnel, equipment, and hospital rooms -- have been reallocated for the outbreak. In most cases, non-essential procedures and doctor's visits are being postponed.
Medical device and equipment manufacturers will be affected by both. The U.S. stock market has been eviscerated as investors react to the pandemic and businesses struggle to adapt to a world where consumers are confined to their homes. Could medical device stocks provide a bright spot for your portfolio?
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