3 Health Services Stocks Nudging The Industry Higher

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 47 points (-0.3%) at 15,521 as of Wednesday, July 24, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 716 issues advancing vs. 2,228 declining with 95 unchanged.

The Health Services industry currently sits down 0.3% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Waters Corporation ( WAT), up 1.1%. On the negative front, top decliners within the industry include ResMed ( RMD), down 1.9%, DaVita HealthCare Partners ( DVA), down 0.9%, Fresenius Medical Care AG & Co. KGaA ( FMS), down 0.8% and St Jude Medical ( STJ), down 0.7%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Mine Safety Appliances ( MSA) is one of the companies pushing the Health Services industry higher today. As of noon trading, Mine Safety Appliances is up $1.79 (3.5%) to $53.40 on light volume. Thus far, 35,743 shares of Mine Safety Appliances exchanged hands as compared to its average daily volume of 107,500 shares. The stock has ranged in price between $52.80-$53.50 after having opened the day at $52.80 as compared to the previous trading day's close of $51.61.

Mine Safety Appliances Company develops, manufactures, and supplies products that protect people’s health and safety worldwide. Mine Safety Appliances has a market cap of $1.9 billion and is part of the health care sector. Shares are up 20.0% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Mine Safety Appliances a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mine Safety Appliances as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Mine Safety Appliances Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Catamaran ( CTRX) is up $0.52 (1.0%) to $51.56 on average volume. Thus far, 852,519 shares of Catamaran exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $51.41-$52.42 after having opened the day at $51.61 as compared to the previous trading day's close of $51.04.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America. The company operates in two segments: PBM and HCIT. Catamaran has a market cap of $10.5 billion and is part of the health care sector. Shares are up 8.4% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Catamaran a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Catamaran as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, compelling growth in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Catamaran Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Thermo Fisher Scientific ( TMO) is up $1.49 (1.7%) to $91.01 on heavy volume. Thus far, 1.8 million shares of Thermo Fisher Scientific exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $90.50-$92.29 after having opened the day at $90.69 as compared to the previous trading day's close of $89.52.

Thermo Fisher Scientific Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacture, analysis, discovery, and diagnostics. Thermo Fisher Scientific has a market cap of $32.4 billion and is part of the health care sector. Shares are up 40.4% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Thermo Fisher Scientific a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Thermo Fisher Scientific as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Thermo Fisher Scientific Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 3 stocks, 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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