Medtronic Inc. (MDT): Today's Featured Health Services Winner - TheStreet

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 1.1%. By the end of trading, Medtronic rose 60 cents (1.6%) to $37.91 on light volume. Throughout the day, 3.6 million shares of Medtronic exchanged hands as compared to its average daily volume of five million shares. The stock ranged in a price between $37.36-$38.06 after having opened the day at $37.53 as compared to the previous trading day's close of $37.31. Other companies within the Health Services industry that increased today were:

Lincare Holdings

(

LNCR

), up 23.4%,

Nanosphere

(

NSPH

), up 21.5%,

CombiMatrix Corporation

(

CBMX

), up 13.8%, and

Graymark Healthcare

(

GRMH

), up 12.4%.

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Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic has a market cap of $38.79 billion and is part of the

health care

sector. The company has a P/E ratio of 11.6, 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 2.5% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Medtronic a buy, one analyst rates it a sell, and 10 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. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front,

Dynacq Healthcare

(

DYII

), down 12%,

Bovie Medical Corporation

(

BVX

), down 7.9%,

Tengion

(

TNGN

), down 7.4%, and

Unilife Corporation

(

UNIS

), down 7.2%, were all losers within the health services industry with

WellCare Health Plans

(

WCG

) 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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