The medical device sector can look intimidating to investors new to health care. Between complicated technologies and intimidating health problems and treatments, where does one learn to pick the best stocks for the long run? The market's run-up this year has further muddled the problem, as both thriving companies and struggling firms alike have seen shares rise in Wall Street's strong 2013. That's a boon for investors established in the industry, but it also provides a challenge for less-experienced investors just starting out in the medical device arena.
Fortunately, a few keys can help investors learn the fundamental drivers and movers behind leading stocks in the industry. Motley Fool contributor Dan Carroll below provides three fundamental tips that can help any investor from rookies to veterans separate the best medical device stocks from the rest.
While you can certainly make huge gains in the health care space, the best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.