The list is a little heavy on the tech side. That’s only natural, because the technology sector has spawned so many high growth stocks. However, there’s a little something here for everyone.
Growth Stocks: Abbot Laboratories (ABT)
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Abbot Laboratories produces a wide range of high-tech medical devices. Products like diagnostic equipment, remote heart monitors, chronic pain treatment and diabetes management systems — including a glucose monitoring technology that eliminates the need for pinpricks. The company also produces a range of popular health nutrition products including Pedialyte, Similac and Ensure.
Over the past five years, ABT stock has delivered a return of 216%. That’s nothing to sneeze at. That’s especially true given our aging population, rising diabetes and heart disease rates. As well as the recent push to cut down on subscribing opioids for chronic pain management. All of these factors will add to ongoing growth potential for ABT stock.