Medtronic: A Trend Change May Be Underway Ahead Of Earnings


  • Dividend Aristocrats have underperformed in 2023 after a stellar year relative to the S&P 500.
  • With an earnings date ahead, shares appear reasonably priced while the chart shows a potential trend change.
  • I outline key price levels to watch on this turnaround name.
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Dividend Aristocrats were big 2022 relative winners. Investors flocked to firms that had at least a 25-year history of increasing payouts. This year has been a bit of a different story so far. The ProShares S&P 500 Dividend Aristocrats ETF (

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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