After picking up some SaaS stocks at the bottom, I'm on the lookout for some other sectors that look "cheap" compared to the rest of the market. While there's a lot of talk about SaaSpocalypse, I haven't really seen anything about the downtrend that has happened in MedTech during the same time period. Many large-caps in the sector like Boston Scientific, Stryker, Abbott, Medtronic have come down 25-50% in the last 6 months. MedTech index is sitting at the same level as it did 6 years ago.
Unlike SaaS, I know absolutely nothing about MedTech, so I'm not really sure why it's dropping or if it's a good idea to dip in.
Any ideas?
Posted by ateranol