Medtronic and Alphabet Positioned to Outperform in Potential Bull Market
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A bull market is coming eventually, though there is debate on whether we're currently in one based on technical definitions. Stocks like Medtronic and Alphabet could perform well.
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Medtronic manufactures essential medical devices with consistent revenue and profits. It pays a good dividend and is close to Dividend King status.
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Alphabet is benefiting from a rebound in advertising and growth in areas like AI. Products like Google and YouTube benefit from network effects and switching costs.
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Medtronic plans to focus more on high-growth areas like diabetes care and robotic surgery to boost growth.
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Alphabet recently launched an AI chatbot to compete with ChatGPT, showing its strength in generative AI. Both companies seem poised to deliver solid returns long-term.