Market Wrap - Stock Pick — Medtronic
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Craig Pheiffer from Absa Stockbrokers and Portfolio Management chose Medtronic as his stock pick of the day.
"An off-shore company called Medtronic, where medicine and technology or electronics meet. This is a company with an almost $150bn market cap, they are into all kinds of fancy gadgets like heart valves, insulin pumps, all these electronic goodies and gadgets, robotics in healhtcare and surgery. It's one of those dividend aristocrats, they've had 40 years of growing dividends. I think it is in a sector where you are talking to an ageing population, people getting older all the time and needing all these fancy goods and all the innovation that comes with it."
"An off-shore company called Medtronic, where medicine and technology or electronics meet. This is a company with an almost $150bn market cap, they are into all kinds of fancy gadgets like heart valves, insulin pumps, all these electronic goodies and gadgets, robotics in healhtcare and surgery. It's one of those dividend aristocrats, they've had 40 years of growing dividends. I think it is in a sector where you are talking to an ageing population, people getting older all the time and needing all these fancy goods and all the innovation that comes with it."
