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Why Medtronic Stock Soared More Than 4% Higher Today

Eric Volkman, The Motley Fool
·2-min read
Why Medtronic Stock Soared More Than 4% Higher Today

Thanks to good quarterly results reported by two peers, Medtronic (NYSE: MDT) stock did very well on Tuesday. Medtronic didn't have any news of its own to report but didn't need to. Both Intuitive Surgical (NASDAQ: ISRG), a maker of next-generation robots for surgical procedures, and Abbot Laboratories (NYSE: ABT), a traditional pharmaceutical company that has a thriving business in devices, released their latest quarterly earnings reports after market hours on Monday and on Tuesday morning, respectively.

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