Medtronic

(

MDT

) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day up 0.8%. By the end of trading, Medtronic rose 40 cents (1.1%) to $37.28 on light volume. Throughout the day, 3.6 million shares of Medtronic exchanged hands as compared to its average daily volume of 5.1 million shares. The stock ranged in a price between $36.97-$37.33 after having opened the day at $37.17 as compared to the previous trading day's close of $36.88. Other companies within the Health Services industry that increased today were:

IsoRay

(

ISR

), up 50%,

Urologix

(

ULGX

), up 9.7%,

CombiMatrix Corporation

(

CBMX

), up 8.7%, and

Neostem

(

NBS

), up 8.5%.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic has a market cap of $38.38 billion and is part of the

health care

sector. The company has a P/E ratio of 11.5, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 3.6% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Medtronic a buy, one analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Medtronic as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front,

Arrhythmia Research Technology

(

HRT

), down 7.5%,

Escalon Medical Corporation

(

ESMC

), down 7.1%,

RadNet

(

RDNT

), down 6.8%, and

Stereotaxis

(

STXS

), down 6.6%, were all losers within the health services industry with

Varian Medical Systems

(

VAR

) being today's health services industry loser.

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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