Medtronic, Fluor, and 3 More Stocks to Watch as Markets Rebound

As markets rebound from recent volatility, investors are keeping a close eye on several stocks that have shown resilience or have the potential to bounce back. Medtronic (MDT) and Fluor Corporation (FLR) are among the companies that have caught investors' attention, along with three other stocks that are worth watching as markets recover.



Medtronic (MDT):

Medtronic, a leading medical device company, has reported strong financial results for its fourth quarter and fiscal year 2024. The company's organic revenue results reflect broad-based, durable growth across the company, with mid-single digit or higher organic revenue growth in all four segments. (Source: Medtronic Earnings-Presentation-FY24Q4-FINAL.pdf) Medtronic's innovative product approvals, such as the Evolut™ FX+ TAVR system and Inceptiv™ closed-loop spinal cord stimulator, can drive future growth. (Source: Medtronic Earnings-Presentation-FY24Q4-FINAL.pdf) The company's dividend increase to $0.70 per share quarterly, indicating confidence in its financial performance and commitment to returning value to shareholders. (Source: Medtronic Earnings-Presentation-FY24Q4-FINAL.pdf)



Fluor Corporation (FLR):

Fluor Corporation, a global engineering and construction company, has a diversified business model with exposure to various markets and geographic regions. The company's Energy Solutions segment focuses on the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, and other low-carbon energy sources. (Source: Fluor Corporation summary) Fluor's geographic diversification and exposure to various industries help mitigate risks associated with economic downturns or political instability in specific regions. (Source: Fluor Corporation summary)



Three More Stocks to Watch:

1. J&J's Heart-Rhythm Device: The pause in U.S. sales of Varipulse, a heart-rhythm device by Johnson & Johnson (JNJ), highlights the importance of product safety and regulatory compliance. While this pause may impact short-term performance, it also demonstrates the company's commitment to patient safety. (Source: Bloomberg article)
2. Analyst Sentiment: The article mentions that there is a reasonable number of analysts covering the stocks, with a majority having a 'buy' or 'hold' rating. This positive sentiment can indicate future growth potential. (Source: Bloomberg article)
3. Institutional Ownership: The article discusses the importance of institutional ownership and how it can influence a stock's expected performance. High institutional ownership can indicate confidence in the company's prospects. (Source: Bloomberg article)



In conclusion, Medtronic, Fluor, and the three other stocks mentioned in the article have shown resilience or have the potential to bounce back as markets recover. Investors should consider these companies' strong financial performance, innovative product approvals, and positive analyst sentiment when making investment decisions. However, it is essential to conduct thorough research and consider seeking advice from financial professionals before making any investment decisions.