Stryker Corporation (SYK): Today's Featured Health Services Winner

Stryker Corporation ( SYK) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole was unchanged today. By the end of trading, Stryker Corporation rose 38 cents (0.7%) to $54.06 on average volume. Throughout the day, 2.6 million shares of Stryker Corporation exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $52.89-$54.15 after having opened the day at $53.29 as compared to the previous trading day's close of $53.68. Other companies within the Health Services industry that increased today were: Heartware International ( HTWR), up 11.9%, Echo Therapeutics ( ECTE), up 10.1%, SRI Surgical Express ( STRC), up 10%, and Edap TMS ( EDAP), up 9.6%.

Stryker Corporation, together with its subsidiaries, operates as a medical technology company. The company operates in three segments: Reconstructive, MedSurg, and Neurotechnology and Spine. Stryker Corporation has a market cap of $20.27 billion and is part of the health care sector. The company has a P/E ratio of 14.8, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 8% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate Stryker Corporation a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Stryker Corporation 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, notable return on equity, reasonable valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Graymark Healthcare ( GRMH), down 12.5%, IsoRay ( ISR), down 9.8%, Varian Medical Systems ( VAR), down 8.9%, and Aetna ( AET), down 8.2%, were all losers within the health services industry with WellPoint ( WLP) 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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