MDT Stock Trades Near 52-Week High: Is it a Smart Buy Now?

Following a slump, shares of Medtronic (MDT) seem to have started to recuperate, possibly banking on a gradually improving investment and research scenario, thanks to the recent monetary policy easing. Closing Wednesday's trading session at $88.14, shares of this MedTech behemoth are currently trading near the 52-week high of $91.49. Fed's latest aggressive 50-bps rate cut, along with the high likelihood of another half a percentage point cut in the rest of 2024, as part of the central bank's gradual unwind ...