Medtronic: Buy This 'A' Quality Gem On The Cheap

Nov. 07, 2022 11:35 PM ETMedtronic plc (MDT) StockMDT19 Comments
Gen Alpha
Investing Group

Summary

  • Medtronic is a premium quality enterprise that trades at a significant discount to its historical valuations.
  • It has a long runway of growth with exposure to popular health categories.
  • Supply chain issues could be easing, setting up the stock for potentially strong returns.
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Pink piggybank stuffed with dollar bills

MarsBars

As the current bear market drags on, it's easy to get complacent and think that the cheap prices are here to stay for the foreseeable future. However, there's no telling what the market will do, and if history is of any indication, the

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Gen Alpha
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I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of MDT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

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