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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
Home / Markets / Industries / Health Care
Tuesday, May 20, 2008
Medtronic's Fourth-quarter Profit Holds Steady, Sales Rise
Michelle Donley
MarketWatch Pulse
NEW YORK -- Medtronic Inc. on Tuesday reported fourth-quarter net income of $812 million, flat with the year-earlier quarter. On a per-share basis, earnings were 72 cents compared with the year-ago 70 cents. Adjusting for restructuring and other charges, fourth-quarter profit was $884 million, or 78 cents a share. The Minneapolis medical technology company's revenue rose to $3.86 billion from $3.28 billion. On average, analysts polled by FactSet Research expected per-share earnings of 73 cents on revenue of $3.72 billion. Shares of Medtronic closed Monday at $47.88.
Copyright © 2008 MarketWatch, Inc.
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