St Jude Medical Inc. (STJ): Today's Featured Health Services Loser

St Jude Medical ( STJ) pushed the Health Services industry lower today making it today's featured Health Services loser. The industry as a whole closed the day up 0.3%. By the end of trading, St Jude Medical fell $1.49 (-3.8%) to $37.75 on heavy volume. Throughout the day, 13.2 million shares of St Jude Medical exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in price between $35.57-$38 after having opened the day at $37.46 as compared to the previous trading day's close of $39.24. Other company's within the Health Services industry that declined today were: Misonix ( MSON), down 10%, Retractable Technologies ( RVP), down 8.6%, Dehaier Medical Systems ( DHRM), down 8%, and Digirad Corporation ( DRAD), down 6.8%.

St. Jude Medical, Inc. develops, manufactures, and distributes cardiovascular and implantable neurostimulation medical devices worldwide. It operates in four segments: Cardiac Rhythm Management, Cardiovascular, Atrial Fibrillation, and Neuromodulation. St Jude Medical has a market cap of $12.21 billion and is part of the health care sector. The company has a P/E ratio of 15.7, below the average health services industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7. Shares are up 13.4% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate St Jude Medical a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates St Jude Medical as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures 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, Kips Bay Medical ( KIPS), up 13.9%, Novadaq Technologies ( NVDQ), up 8.8%, Strategic Diagnostics ( SDIX), up 6.6%, and Synergetics USA ( SURG), up 6.3%, were all gainers within the health services industry with Aetna ( AET) 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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