After looking at my profile, I realized most of my sectors were technical. It would make sense to look into a medical company. I decided to look at Medtronic (MDT) which is a large cap company that manufactures and sells devised-base medical therapies through out the world. Another reason why I choose to look into this company is because I personally buy producst from this company for my diabetes. Right now, Medtronic's cost would be $32.66 per share. That is a decent price because the 52 week $30.18-$43.33. Obviously, the price is pretty low. I predict that the company will keep rising slowly and cost $37.50 per share within a few weeks. The reason why I think it will take some time to increase is because it sells stuff at a some-what slow consistent pace. I couldn't find a catalyst, but this company comes out with new products only every now and then. MDT offers a dividend of 2.9%. A competitor to this company would be Johnson and Johnson (JNJ). At this time, Johnson and Johnson is doing better financially compared to MDT. This gives me even a better reason to trade in now because MDT is lower in price and will most likely improve to match up or do better with JNJ.
GREEN- JNJ BLUE-MDT
Time span- 3 years
In JNJ profile information, it didn't mention that it worked globally, because of that, I think MDT has even better reason to improve since it does work worldwide. I will keep watching MDT and short sell it if it does increase its price per share within a month.
very good job BRAHH
ReplyDeletethis is a well written post i like all the detail and all the information. good job!!
ReplyDeleteWOW very good transaction. It seems to me that you accurately covered all of the criteria.
ReplyDeleteDid you actually buy it? Don't short sell something you own. Good info and research.
ReplyDelete