Medtronic Inc

(

MDT

) pushed the Health Services industry lower today making it today's featured Health Services loser. The industry as a whole closed the day down 1%. By the end of trading, Medtronic Inc fell 27 cents (-0.8%) to $33.68 on light volume. Throughout the day, 2.4 million shares of Medtronic Inc exchanged hands as compared to its average daily volume of 6.2 million shares. The stock ranged in price between $33.62-$34.16 after having opened the day at $33.88 as compared to the previous trading day's close of $33.95. Other company's within the Health Services industry that declined today were:

BG Medicine Inc

(

BGMD

), down 13.3%,

Spherix Inc

(

SPEXD

), down 10.4%,

Spherix Inc

(

SPEX

), down 10.4%, and

NeuroMetrix Inc

(

NUROD

), down 10%.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic Inc has a market cap of $36.7 billion and is part of the

health care

sector. The company has a P/E ratio of 11.8, below the average health services industry P/E ratio of 12.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 8.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Medtronic as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,

American Caresource Holdings Inc

(

ANCI

), up 13.5%,

Winner Medical Group Inc

(

WWIN

), up 7.2%,

PhotoMedex Inc

(

PHMD

), up 6.7%, and

China Medical Technologies Inc

(

CMED

), up 6.5%, were all gainers within the health services industry with

DaVita Inc

(

DVA

) being today's featured health services industry winner.

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

).

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