EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Reprint Email

Edwards Life Sciences Corp. (EW): Today's Featured Health Services Winner

By TheStreet Wire 09/30/11 - 04:23 PM EDT

Find out if (EW) is in Cramer's Portfolio.

The health services industry closed the day down 1.4%. World Heart Corporation (WHRT), Genomic Health Inc (GHDX), Nanosphere Inc (NSPH), and Psychemedics Corporation (PMD) were all winners today within the health services industry with Edwards Life (EW) being today's featured health services winner. Edwards Life rose 54 cents (0.8%) to $71.42 on average volume. Throughout the day, 1.4 million shares of Edwards Life exchanged hands as compared to its average daily volume of 1.3 million shares.

Edwards Lifesciences Corporation offers products and technologies designed to treat advanced cardiovascular disease worldwide. It provides products for heart valve therapy; critical care; cardiac surgery systems; and vascular diseases. Edwards Life has a market cap of $8.7 billion and is part of the health care sector. The company has a P/E ratio of 38.7, below the average health services industry P/E ratio of 38.9 and above the S&P 500 P/E ratio of 17.7. Shares are down 6.1% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Edwards Life Sciences as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

You can view the full Edwards Life Sciences Ratings Report.

On the negative front, Tengion Inc (TNGN), Kips Bay Medical Inc (KIPS), Sun Healthcare Group Inc (SUNH), and Concord Medical Services Holdings (CCM) were all losers within the health services industry with Boston Scientific Inc (BSX) being today's health services industry Loser Spotlight stock.

Use our health services section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider Health Care Select Sector SPDR (XLV) while those bearish on the health services industry could consider ProShares Ultra Short Health Care (RXD).

Find other investment ideas from our top rated ETFs lists.

For more information on Edwards Life Sciences Corp. click any of the following:

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:

$2.5+ million portfolio
Large-cap and dividend focus
Intraday trade alerts from Cramer
Weekly roundups

TheStreet Quant Ratings

TRY IT FREE

New! $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:

Buy, hold, or sell recommendations for over 4,300 stocks
Unlimited research reports on your favorite stocks
A custom stock screener
Upgrade/downgrade alerts

Stocks Under $10

TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:

Model portfolio
Stocks trading below $10
Intraday trade alerts
Weekly roundups

Dividend Stock Advisor

TRY IT FREE

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:

Diversified model portfolio of dividend stocks
Alerts when market news affect the portfolio
Bi-weekly updates with exact steps to take - BUY, HOLD, SELL

Real Money Pro

TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:

Real Money + Doug Kass + 15 more Wall Street Pros
Intraday commentary & news
Ultra-actionable trading ideas

Options Profits

TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.