If You'd Invested $1,000 in Medtronic (MDT) Stock 5 Years Ago, Here's How Much You'd Have Today

What were you doing five years ago? Were you working from home due to the new pandemic? Watching Shakira and J. Lo perform at the Super Bowl? Perhaps you were buying some stocks. If you spent $1,000 on shares of the medical devices giant Medtronic (NYSE: MDT), how would you have done? Well, the news isn't very good: Your stake would be worth...$1,065.So, yeah, you wouldn't have lost money, but you wouldn't have gained much, either. If you'd invested in a simple low-fee S&P 500 index fund instead, your investment would be worth $2,034, having doubled in just five years.What happened with Medtronic? Well, my colleague Reuben Gregg Brewer has pointed to a period of slow growth and a bloated and unwieldy business portfolio, which Medtronic has been addressing by selling off some assets strategically while restructuring.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool