5 Promising Growth Stocks In MedTech To Invest In 2020
Zacks Investment Research | Jan 13, 2020 08:36PM ET
Investors have commenced 2020 with caution and apprehension, thanks to the looming atmosphere of uncertainty prevailing at the moment. The investment world is particularly wary of the end to the ongoing bull market, which witnessed the longest bull-run till July 2019. Further, the 59th presidential election, scheduled in late 2020, and related political uproar are only aggravating the uncertainty present in the equity market.
In 2019, the MedTech industry witnessed an impressive on the back of increased healthcare awareness and purchasing power in the emerging markets, exceptional progress in innovation and technological advancement.
However, the U.S.-China trade war, which resulted in both the countries levying tariffs worth thousands of billions of dollars on each other, dragged on for almost 18 months and was a dampener. Nonetheless, investors are looking forward to a brighter 2020 and have pinned hopes on the recent “phase one” trade deal between the United States and China, which has hopefully put a break in the trade war.
Meanwhile, per a report by Fitch Solutions published on Zacks Investment Research
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