Healthcare Sector Ideas

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>>> Abbott Laboratories (NYSE: ABT)


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Yahoo Finance

Sorina Solonaru

November 26, 2020


https://finance.yahoo.com/news/10-best-growth-stocks-buy-220447261.html


Bridgewater added 433,463 shares of Abbott Laboratories (NYSE:ABT) to its 13F portfolio during Q3, establishing a position worth $47.17 million. Hedge funds have been bullish regarding the health-care stock throughout Q2 and Q3, with all-time high ownership of 67 hedge funds tracked by Insider Monkey.

Polen Capital Management added ABT to its portfolio in Q2, and highlighted the company’s successful response to COVID-19 in its Q3 investor letter:

“Abbott Laboratories has also shown resilience. Abbott’s consumer-facing businesses collectively grew almost 10% in the first half of the year. Its Medical Devices business has also recovered swiftly with procedure volumes returning to 90% of pre-COVID levels in the quarter, and the company has been a leader in the development of various COVID-19 diagnostic tests.”

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