The medical device industry is an INCREDIBLY fertile hunting ground for growth stock investors.

Here are 10 innovative medical device makers that still have HUGE growth potential:
1) Dermtech - $DMTK

What: Non-invasive skin cancer diagnosis

Stage: Commercial

Business Risk: High

Profitable? No, years away
2) Inspire Medical - $INSP

What: Implantable device that treats severe sleep apnea

Stage: Commercial

Business Risk: Med-High

Profitable? No, years away
3) InMode $INMD

What: Minimally-invasive aesthetic surgery equipment

Stage: Commercial

Business Risk: Med

Profitable? Yes
4) Plumonx $LUNG

What: Surgical product that treats severe emphysema

Stage: Commercial

Business Risk: High

Profitable? No, years away
5) Inari Medical - $NARI

What: Surgical tools to remove blood clots from veins

Stage: Commercial

Business Risk: Medium

Profitable? Yes
6) Nano-X Imaging - $NNOX

What: ~100x reduction in the cost of Xray technology

Stage: R&D

Business Risk: VERY High

Profitable? No, years away
7) Novocure - $NVCR

What: Uses electric fields to inhibit cell division in cancerous tumors

Stage: Commercial

Business Risk: Medium

Profitable? Yes
8) Outset Medical - $OM

What: Dramatic simplification of the equipment used in dialysis

Stage: Commercial

Business Risk: High

Profitable? No, years away
9) Shockwave Medical - $SWAV

What: Surgical products that use shockwaves to improve blood flow in calcified arteries

Stage: Commercial

Business Risk: Medium

Profitable? No, but estimated to be in 2022
10) Transmedics - $TMDX

What: Keeps human organs alive longer during transportation, dramatically increasing supply

Stage: Commercial

Business Risk: High

Profitable? No, years away
Will all of these work out for investors?

Of course not!

Many of them are VERY high-risk.

But, if just one turns out to be a big winner, it can pay for all of the losers combined
Enjoy this thread?

Follow me @brianferoldi
Which of these stocks interests you the most?

I’ll do a deep dive on it on my YouTube Channel

Subscribe here:
youtube.com/brianferoldiyt…
Summary:

1) $DMTK (skin cancer)
2) $INSP (sleep apnea)
3) $INMD (cosmetics)
4) $LUNG (emphysema)
5) $NARI (veins)
6) $NNOX (x-ray)
7) $NVCR (tumors)
8) $OM (dialysis)
9) $SWAV (cardiovascular)
10) $TMDX (organ transplant)

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More from @BrianFeroldi

15 Oct
Getting an MBA didn’t make me a better investor

Learning from other investors DID

Here are 6 Twitter threads that will teach you more about investing than a college degree:
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Everyone knows Apple, Amazon, Microsoft...

But how do you find the next $AFRM, $PLTR, or $USPT early?

Here are 9 GREAT resources for finding stock ideas (8 of them are FREE):
1: ETFs

Look through the holdings of high-growth ETFs

Google the ETF symbol and “holdings”

These are worth cracking open:
▪️ $ARKF / $ARKG / $ARKK / $ARKW
▪️ $FFTY
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▪️ $IZRL
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Type a fund you respect into @Whalewisdom

You can see all their holding and get emails of any changes

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More funds:
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Accounting is the language of business.

If you buy stocks, you MUST learn how to read a balance sheet.

Here’s everything you need to know:
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It shows company’s:

▪️Assets: What it owns
▪️Liabilities: What it owes
▪️Shareholders Equity: It's net worth attributable to its owners

At a fixed point in time
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A balance sheet is a SNAPSHOT of a company’s net worth.

It is usually measured at the end of a quarter/year.

That’s different from an income statement or cash flow statement, both of which are measured over periods of time
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These 10 online courses are worth the price of admission (and 4 of them are FREE!):
1/ @udemy

This was the most popular response by far

There are TONS of low-cost courses on this platform

(The YouTube course by Sacha Steveson is on deck for me)

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The “Learning how to learn” course by Barbara Oakley is free and, apparently, transformative.

coursera.org/learn/learning…
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Money impacts every aspect of our lives, yet we're taught nothing about personal finance in school

THREAD: The 10 people that influenced my personal finance philosophy the most (and the key lesson that I learned from each):
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Key Lesson:

Debt is dumb. Treat it as an emergency, get intense, and pay it all off (he likes the snowball method)
2: David Chilton - @wealthy_barber

Key Lesson:

One dollar saved is TWO dollars earned
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Today is @WarrenBuffett's 91st birthday

To celebrate, here are 20 of my favorite quotes from the Oracle of Omaha:
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