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.
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.