Market Wrap - Stock pick — Medtronic
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Rob Towell from Sasfin Securities chose Medtronic as his stock pick of the day.
"We're looking at Medtronic, they do hip replacements, knee joints, pace makers and they are also moving into robotic surgery which helps surgeons to take a look at the procedures straight after the operation to see what happened during the surgery. They can then get data from technology that is actually put into the body so it's high end tech and med-tech. We like the sector as a whole and Medtronic has been slightly weak over the Covid period because surgery hasn't been available but we think it's a good entry point into the stock and a very good growth sector for the next 10 years."
"We're looking at Medtronic, they do hip replacements, knee joints, pace makers and they are also moving into robotic surgery which helps surgeons to take a look at the procedures straight after the operation to see what happened during the surgery. They can then get data from technology that is actually put into the body so it's high end tech and med-tech. We like the sector as a whole and Medtronic has been slightly weak over the Covid period because surgery hasn't been available but we think it's a good entry point into the stock and a very good growth sector for the next 10 years."
