The second arrow, Boston Scientific. The trading symbol is BSX. Let's feature it in our program. It has fallen by about 50% this year, and this stock is completely different from TTD because the business is still very strong.
Boston Scientific produces life-saving medical devices, especially for the heart, and continues to grow by about 7% annually. So why did its price drop by half? Well, because investors were expecting too much.
At the beginning of the year, management was expecting growth of around 10 to 11%. Then they reduced it again to 5-6%. Therefore, when a high-growth company suddenly stops growing rapidly, its high price collapses.
Last February, the stock fell 17% in a single day, its worst day in more than 20 years. This happened when they lowered their expectations for the first time. However, the last quarter was actually very strong.
Sales of 5.4 billion with a good rise in profits compared to what they were just one year ago.