Lew urged key leading of congress to pass legislation to limit U.S. companies reincorporating overseas for tax purposes, saying the legislation should be enacted immediately and made retroactive to May 2014. In a tax inversion company based in the U.S. acquires a company in another country, and reincorporates in that company's country, significantly reducing its tax rate.
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TheStreet Ratings team rates MEDTRONIC INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate MEDTRONIC INC (MDT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."