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Medtronic was the biggest winner in the medical equipment and supplies sector on Tuesday, though its key competitors surged on its good earnings report and a more positive outlook on sales of cardiac medical devices. Boston Scientific (BSX - Get Report) shot up 4.9%; while St. Jude Medical (STJ - Get Report) was up 4% at the close. An analyst initiation of coverage also led to one of the largest gainers in the sector on Tuesday. Morgan Keegan initiated coverage of Cooper Companies (COO) with a rating of outperform, and the stock price shot up 5.9% on Monday.
The healthcare sector as a whole was up slightly, with a gain of 0.5%.
-- Reported by Eric Rosenbaum in New YorkFollow TheStreet.com on Twitter and become a fan on Facebook.