This year is shaping up to be a "tale of two halves," according to Dave Sekera, chief U.S. market strategist for Morningstar. While the U.S. market is likely to stay volatile in the first half of this year, he told CNBC's "Street Signs Asia" last week that he expects a sustained rally in the second half. There were four headwinds to markets last year, Sekera said: slowing economic growth, monetary tightening, rising long-term interest rates and high inflation.
"Medtronic is the largest pure-play medical-device maker and in my opinion, is a play on the long-term, structural growth we expect in the MedTech space," Sekera told CNBC Pro. He added that Medtronic should benefit as the pandemic "fades in the rear-view mirror.
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