Medtronic Inc. (MDT): Today's Featured Health Services Loser

The health services industry closed the day down 1.9%. Healthways Inc ( HWAY), CHINA NUOKANG BIO-PHARMACEUTICAL Inc ( NKBP), ResMed Inc ( RMD), and Neostem Inc ( NBS) were all decliners today within the health services industry with Medtronic Inc ( MDT) being today's featured health services loser. Medtronic Inc fell 97 cents (-2.8%) to $33.73 on light volume. Throughout the day, 4.5 million shares of Medtronic Inc exchanged hands as compared to its average daily volume of 7.6 million shares.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic Inc has a market cap of $36.2 billion and is part of the health care sector. The company has a P/E ratio of 11.9, 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 7.5% year to date as of the close of trading on Monday.

TheStreet Ratings rates Medtronic as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and a generally disappointing performance in the stock itself.

On the positive front, LCA-Vision Inc ( LCAV), World Heart Corporation ( WHRT), Spherix Inc ( SPEX), and Spherix Inc ( SPEXD) were all gainers within the health services industry with Quest Diagnostics Inc ( DGX) 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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