1. Medtronic PLC (MDT)
Medtronic PLC stands proudly at the top of our list for August 2024. It is an Irish-based brand specializing in medical devices with a strong market presence worldwide. Offering a broad array of innovative products such as spinal and vascular therapies, patient monitoring, and diabetes management tools. Medtronic PLC presented an impressive 2nd quarter performance with 5% growth and has been maintaining superior profit margins, making it a highly attractive stock for investors.
2. Johnson & Johnson (JNJ)
Johnson & Johnson, a multinational conglomerate consisting of pharmaceuticals, medical devices, and consumer goods divisions, holds the second spot. Their strong portfolio diversified across several healthcare segments, combined with their capacity to spend on research and development, makes JNJ a steady performer in the market. Recently, the company’s oncology division reported a remarkable sale which is a strong indicator of their robust growth potential.
3. Pfizer Inc. (PFE)
Coming in at third on our list, Pfizer Inc. enjoys commendable credibility in the market due to its impressive pharmaceutical products portfolio. Their current highlight is a collaboration with BioNTech for the production of prized vaccines, resulting in increased market visibility. Pfizer also maintains a healthy dividend yield making it a preferred stock for income-seeking investors.
4. CVS Health Corporation (CVS)
Ranking in the fourth spot, CVS Health Corporation found great favor among investors due to its crucial role in administering vaccines nationwide. Besides this, its retail-based clinic MinuteClinics, its pharmaceutical benefit management services, and its popular retail drug stores all contribute to the fundamental strength of CVS.
5. United Health Group (UNH)
United Health Group holds the fifth spot with its two business platforms, UnitedHealthcare and Optum, covering a wide gamut of healthcare services. UNH generates a substantial chunk of consistent revenue through premiums, making it a highly stable stock option in this sector.
6. Thermo Fisher Scientific (TMO)
Positioned at number six, Thermo Fisher Scientific is one of the top performers in the diagnostics & research industry. It specializes in providing analytical instruments, reagents, consumables, software, and services. Recent developments such as the acquisition of PPD Inc. contributes to its accelerated growth trajectory.
7. Moderna Inc. (MRNA)
Moderna Inc., famous for its mRNA-based vaccine, ranks seventh. The company has positioned itself as a force to reckon with in the biotechn