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Medical Devices: 5 Healthcare Stocks to Buy

The medical device excise tax doesn't appear to be a major stumbling block for these high-potential companies

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Medical Devices: Medtronic (MDT)

medtronic-mdt-stock-medical-devicesAs much of a hurdle as the still-fairly new excise creates for device makers, demand for heart-surgery and cardiovascular equipment is almost always in a position to override price-related balks.

Enter Medtronic (MDT).

Already established as one of the leading medical equipment manufacturers in the world, Medtronic is now blazing new trails for itself. A couple weeks ago, its CoreValve heart-valve-replacement hardware was given regulatory approval by the FDA, and its SureScan pacemaker was deemed safe for patients needing an MRI, with none of the usual positioning restrictions necessary with other pacemakers. The CoreValve could be a real game-changer, as its use is minimally invasive; there’s nothing out there as easy for heart patients to tolerate.

Shares of MDT stock have fallen 6% since their early January peak, but have been in an uptrend since late 2011 … one of the few stocks in the medical device world that has been rock-solid in a rocky environment.

Article printed from InvestorPlace Media, http://investorplace.com/2014/01/5-medical-devices-healthcare-stocks/.

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