With the S&P 500 index (SNPINDEX: ^GSPC) rallying 20% year to date, Morgan Stanley's chief U.S. equity strategist, Mike Wilson, believes that a correction could be around the corner. Medtronic (NYSE: MDT) is the first stock that dividend investors should consider purchasing to shore up their portfolios. As a medical device maker, Medtronic's revenue is derived from elective procedures that are aimed at treating serious cardiovascular, spinal, and other conditions.
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