We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
President Trump’s latest tax bill to repeal a significant part of the Affordable Care Act was again rejected by House Republicans on Nov 13. According to a Washington Post article, only modest changes were made to the legislation. While the President aims to give the bill a final attempt stressing on the importance of tax cut and reforms for economic growth (vote on the tax cut bill slated for Nov 16), let’s see how the MedTech industry is gearing up for it.
According a report by Business Insider, the Republican tax plan repeals an itemized deduction that applies to healthcare expenses. If the new bill gets implemented, families with high healthcare expenditure will be impacted as these expenses will no longer be deducted from their taxes. Hence, the masses will no longer be interested in expensive healthcare or MedTech procedures.
A report by The Hill says that the Section 4303 of the Republican tax bill plan imposes a 20% excise tax on goods manufactured overseas by subsidiaries of U.S. companies. Under the U.S. tax code, Puerto Rico is considered a foreign land which implies that U.S. parent companies will have to pay excise taxes if they purchase from their subsidiaries in the island. In this regard, the FDA recently found that around 30% of Puerto Rico’s gross domestic product was driven by pharmaceuticals and medical devices in 2016. Undoubtedly, the latest tax plan has created an uproar among MedTech players who might witness a huge reduction in their turnover with the approval of the bill.
Without a doubt, the latest political developments have resulted in widespread volatility in the MedTech space.
4 Growth Stocks in Focus
In such a tumultuous scenario, we have used the Zacks Stock Screener to pick stocks for significant gains. Let’s take a look at four MedTech stocks that are expected to gain over the long haul. Apart from flaunting a strong Zacks Rank #1 (Strong Buy) or 2 (Buy), these stocks boast a Growth Style Score of A or B.
Our Growth Style Score highlights all of the vital metrics of the company’s financials to obtain a clearer picture of the quality and sustainability of its growth. Our research shows that stocks with Style Scores of A or B, when combined with a Zacks Rank #1 or 2, offer the best investment opportunities.
IDEXX Laboratories, Inc. (IDXX - Free Report) is a leading provider of diagnostic, detection and information products to the animal health industry as well as quality assurance products and services to the food and water industries. This Zacks Rank #2 company has a long-term expected earnings growth rate of 20.4% and a Growth Score of B.
The stock’s projected EPS growth rate for a year stands at 29.6%, compared with the broader industry’s estimate of 16%. The stock has gained 35.2% over the last year, higher than the broader industry’s 21.4%. The company has a VGM Score of B anda Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
VWR Corporation is a global laboratory supply and distribution company. The company carries a Zacks Rank #2 and a VGM Score of A. The projected sales growth rate for a year stands at 3.4% compared with the broader industry’s projection of 2.7%.
The stock has gained 26.3% over the last year, better than the broader industry’s 17.1%.
SeaSpine Holdings Corporation is a medical technology company focused on the design, development and commercialization of surgical solutions for the treatment of spinal disorders.The company boasts a Zacks Rank #2.
The stock has a Growth Score of A and VGM Score of B. It has gained 37.1% over the last year, compared with the broader industry’s 21.4%. The projected EPS growth rate for a year stands at 29.2% compared with the broader industry’s 16%.
LivaNova PLC (LIVN - Free Report) is a medical technology company which focuses on providing treatment for cardiovascular diseases and neuromodulation.This Zacks Rank #2 stock promises long-term expected earnings growth of 10%. Notably, LivaNova has a Growth Score of B and VGM Score of B. The stock has gained 96.1% over the last year, higher than the broader industry’s 21.4% gain.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
4 Top Growth Picks to Avoid Tax Tangle in MedTech
President Trump’s latest tax bill to repeal a significant part of the Affordable Care Act was again rejected by House Republicans on Nov 13. According to a Washington Post article, only modest changes were made to the legislation. While the President aims to give the bill a final attempt stressing on the importance of tax cut and reforms for economic growth (vote on the tax cut bill slated for Nov 16), let’s see how the MedTech industry is gearing up for it.
According a report by Business Insider, the Republican tax plan repeals an itemized deduction that applies to healthcare expenses. If the new bill gets implemented, families with high healthcare expenditure will be impacted as these expenses will no longer be deducted from their taxes. Hence, the masses will no longer be interested in expensive healthcare or MedTech procedures.
A report by The Hill says that the Section 4303 of the Republican tax bill plan imposes a 20% excise tax on goods manufactured overseas by subsidiaries of U.S. companies. Under the U.S. tax code, Puerto Rico is considered a foreign land which implies that U.S. parent companies will have to pay excise taxes if they purchase from their subsidiaries in the island. In this regard, the FDA recently found that around 30% of Puerto Rico’s gross domestic product was driven by pharmaceuticals and medical devices in 2016. Undoubtedly, the latest tax plan has created an uproar among MedTech players who might witness a huge reduction in their turnover with the approval of the bill.
Without a doubt, the latest political developments have resulted in widespread volatility in the MedTech space.
4 Growth Stocks in Focus
In such a tumultuous scenario, we have used the Zacks Stock Screener to pick stocks for significant gains. Let’s take a look at four MedTech stocks that are expected to gain over the long haul. Apart from flaunting a strong Zacks Rank #1 (Strong Buy) or 2 (Buy), these stocks boast a Growth Style Score of A or B.
Our Growth Style Score highlights all of the vital metrics of the company’s financials to obtain a clearer picture of the quality and sustainability of its growth. Our research shows that stocks with Style Scores of A or B, when combined with a Zacks Rank #1 or 2, offer the best investment opportunities.
IDEXX Laboratories, Inc. (IDXX - Free Report) is a leading provider of diagnostic, detection and information products to the animal health industry as well as quality assurance products and services to the food and water industries. This Zacks Rank #2 company has a long-term expected earnings growth rate of 20.4% and a Growth Score of B.
The stock’s projected EPS growth rate for a year stands at 29.6%, compared with the broader industry’s estimate of 16%. The stock has gained 35.2% over the last year, higher than the broader industry’s 21.4%. The company has a VGM Score of B anda Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
VWR Corporation is a global laboratory supply and distribution company. The company carries a Zacks Rank #2 and a VGM Score of A. The projected sales growth rate for a year stands at 3.4% compared with the broader industry’s projection of 2.7%.
The stock has gained 26.3% over the last year, better than the broader industry’s 17.1%.
SeaSpine Holdings Corporation is a medical technology company focused on the design, development and commercialization of surgical solutions for the treatment of spinal disorders.The company boasts a Zacks Rank #2.
The stock has a Growth Score of A and VGM Score of B. It has gained 37.1% over the last year, compared with the broader industry’s 21.4%. The projected EPS growth rate for a year stands at 29.2% compared with the broader industry’s 16%.
LivaNova PLC (LIVN - Free Report) is a medical technology company which focuses on providing treatment for cardiovascular diseases and neuromodulation.This Zacks Rank #2 stock promises long-term expected earnings growth of 10%. Notably, LivaNova has a Growth Score of B and VGM Score of B. The stock has gained 96.1% over the last year, higher than the broader industry’s 21.4% gain.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>