Top 5 Large-Cap Healthcare Stocks to Buy Now

2. Medtronic plc (NYSE:MDT)

Medtronic plc (NYSE:MDT) lands in the penultimate position after Rhenman & Partners boosted its stake in the company by 44% during Q4, giving it 320,000 shares. It was one of 62 hedge funds that were long MDT on September 30.

While Medtronics’ revenue was down by just under 1% year-over-year during Q2, it did record strong double-digit quarterly growth in all of its major segments as hospitals less burdened by Covid patients began performing more operations that utilize Medtronics’ medical devices. Results could slide again in the short term however as Covid cases rise and eat up more of hospitals’ resources.