August 2, 2023, 10:08 am EDT
The Healthcare and medical equipment industries are significant areas to invest in in 2023. Aiming for a higher quality of health needs and reducing risks after the 3-year COVID-19 threat, the need for testing equipment is on the rise globally.
Waters Corp (WAT) made an earning report today. Although overall data does not show outstanding growth, its stock price still shoots up 7% at the opening bell.
Its consistent organic growth and high-profit margins boost the outlook for this 17 billion market cap company. Indeed, a gross profit margin of 60% and a return on equity of 141% are hard to beat from the fundamental perspective.
Technically, WAT emerges from the cup pattern with a brief consolidation. Today’s breakout stirs up the demand from investors who bet WAT will keep prospering during the post-COVID era.
