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ISHARES DOW JONES US MEDICAL DEV.(ETF)IHITOP PICKJul 07, 2017Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
Not overly bullish on healthcare as a whole, as its growth may be less attractive. Likes medical devices, with a built-in backlog due to Covid. He owns SYK. There should be a significant pickup in procedures over the next 2 years. SYK has strong earnings growth, near a 1-year high. Also look at IHI, the medical devices ETF, packed with companies leading the healthcare sector.
(A Top Pick Aug 15/18, Up 20%) A good way to play pharma without the litigation problems. For a Canadian one, it would be ZUH. Medical devices have done very well, and wish he had more.
The devices’ space has great secular trends and market demand. There is more uptick in emerging markets. Fundamentally there are a lot of tailwinds. As an example, the cardio device market is projected to grow 20% a year through 2020. It is more defensive and is not as subjective to a policy shift.