2 Beaten-Down Stocks to Buy and Hold for the Next 10 Years
Key PointsMedtronic's business is improving while its dividend program remains strong.
Despite U.S. stock market indexes nearing record highs, there are still valuable opportunities in underperforming companies. Medtronic (NYSE:MDT) and MercadoLibre (NASDAQ:MELI) are two such stocks that could be excellent long-term investments, despite recent struggles. Both firms have faced challenges, but they remain strong contenders in their respective industries.
Medtronic, a medical device specialist, has shown signs of recovery recently. After a downward trend in the first half of the year, the company has rebounded over the past three months. This turnaround can be attributed to strong financial results. In the first quarter of 2027, Medtronic's revenue increased by 13.7% year over year, reaching $9.8 billion.
The company's adjusted earnings per share (EPS) also rose by 15.1% to $1.45. Furthermore, Medtronic has raised its revenue growth and EPS guidance for the full fiscal year 2027, indicating continued optimism for the company's prospects.
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