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A GLOBAL LEADER IN HEALTH CARE TECHNOLOGY
Today's chart gives us more proof that the bull market in health care is in full swing...
The Population Reference Bureau estimates the number of Americans ages 65 and up will more than double by 2060. According to our colleague Dr. David Eifrig, these shifting demographics will fuel a boom in health care stocks. Seniors need medical care – regardless of politics or market noise...
We can see this playing out today with Medtronic (MDT), a leading provider of medical devices and equipment. The $134 billion company operates in more than 150 countries and holds around 46,000 patents.
Medtronic helps treat many of the conditions that are more common among older folks – like cancer, heart disease, and diabetes. In the most recent quarter, the company's sales from diabetes treatment alone increased more than 27%.
And as you can see, Medtronic's stock is also on the rise. Shares are up more than 25% over the past year, recently hitting a new all-time high. As demand grows in the health care market, Doc's bullish call on these stocks remains a safe bet...
Source: Daily Wealth