Navigating the stock market is not easy these days. Apart from the big tech companies, finding winners is tough. Even energy stocks came under pressure last week as oil prices retreated, despite wars in Ukraine and the Middle East. I believe we will see strong recoveries in utilities, pipelines, telecoms, REITs and banks within the next 12 months, assuming interest rates stabilize. But where should you look right now?. The industry is health care equipment.
It’s not a major part of the Canadian economy, but it’s big in the U.S. and includes such companies as Boston Scientific, GE Healthcare Technology, Abbott Laboratories and Medtronic. The sector is in a slump right now. Year-to-date (to Nov. 10), the S&P Healthcare Equipment Select Industry Index is down 24.68 per cent. However, Stryker shares are up almost 12 per cent this year, despite a recent pullback. Many Canadians know little to nothing about Stryker. But if you’ve ever had a hospital stay, you’ve probably been in one of their bed