Medical-Device Stocks Seem Immune to Delta Surge
Hospitals are facing yet another round of Covid-19 disruptions as the Delta variant spreads across the U.S. That is a concern for the medical-device industry, but investors don’t expect to miss a beat.
Medical-device stocks have been star performers of late. A broad index has returned 28% over the past year and is up about 45% from its pre-pandemic high. There are obvious sources of concern, though: The spread of the Delta variant has led hospitals to once again postpone elective surgeries across the U.S. The index earlier shed 28% in the winter of 2020 as the pandemic began and hospitals were forced to scramble to meet the needs of Covid-19 patients.
