Medical Stocks to Watch Out For
Published By : 15 Apr 2015 | Published By : QYRESEARCH
The medical devices industry has been on the rise recently, due to growing demand from all over the world. The growing incidence of chronic diseases, augmented by the growing geriatric population is the reason for this. The latest figures from the Portfolio Grader reflect this upwards trend in the medical devices industry. Here are the top stocks to invest in:
Boston Scientific Corporation: This global developer and marketer of a wide range of interventional medical devices showed impressive resurrection in the last week, rising from a C (hold) grade to a B (buy). This stock has been trading at an exceptional pace this week, up by 100% from last week.
Winner Medical Group: This research and development, manufacture, and marketing giant in the cotton-based medical fabrics and disposables sector has grown significantly, rising from it B grade last week to jump to A (strong buy) this time round.
Becton, Dickinson, and Company: Joining the Winner Medical Group in making a jump from a B grade to an A this week is Becton, Dickinson, and Company. This giant has a diversified array of enterprises in the medical devices industry, ranging from various instrument systems to a wide variety of reagents.
Alere: Like the Boston Scientific Corporation, Alere made a jump from the ‘hold’ grade, C, to the ‘buy’ grade, B, this week. Alere specializes in cardiological, oncological, and feminine health products, along with significant operations in diabetes diagnosis and monoitoring devices, infectious disease, and toxicology.
Unilife Corporation: Unilife also now sits in the C grade after jumping from last week’s B standing. Unilife manufactures a wide variety of medical devices, specializing in the manufacture of injectable drug delivery systems.
Thoratec Corporation: Also making the jump from a C to a B is Thoratec Corporation, a circulatory support devices giant. The transfer rate of the shares of Thoratec’s stock is three times the rate it showed last week.