Stryker Corporation: Don't Stryke Yet

In my 2018 portfolio recap, I discussed that health care was one sector that I would like to increase my exposure to throughout the coming year.  According to the US Census Bureau's population projections, in the year 2030, all of those considered baby boomers will be retired, and unfortunately, or fortunately depending on how you see it, older.  The 65+ population group is expected to grow such that 1 in 5 people in the United States are at retirement age or older.

A side effect of growing older is that your body typically starts to break down through wear and tear.  According to this 2016 report by Kaiser Family Foundation, people age 55 and up account for over half of total spending on health care.  The aging population will no doubt pus that higher.

As a leader in the med-tech space as well as knee and hip replacements, Stryker Corporation (SYK) is positioned to continue to grow along with the population.

Continue reading the article on Seeking Alpha.