Varian Medical Systems Inc. (VAR): Today's Featured Health Services Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Varian Medical Systems ( VAR) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day down 1.2%. By the end of trading, Varian Medical Systems rose $0.73 (1.0%) to $72.75 on light volume. Throughout the day, 594,404 shares of Varian Medical Systems exchanged hands as compared to its average daily volume of 794,500 shares. The stock ranged in a price between $71.82-$72.92 after having opened the day at $72.04 as compared to the previous trading day's close of $72.02. Other companies within the Health Services industry that increased today were: Tornier N.V ( TRNX), up 22.5%, IsoRay ( ISR), up 9.4%, Sunshine Heart ( SSH), up 8.6% and WellCare Health Plans ( WCG), up 7.8%.

Varian Medical Systems, Inc. designs, manufactures, sells, and services medical devices and software for treating cancer with radiotherapy, radiosurgery, proton therapy, and brachytherapy worldwide. Varian Medical Systems has a market cap of $7.9 billion and is part of the health care sector. Shares are up 2.5% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Varian Medical Systems a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Varian Medical Systems 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, solid stock price performance, growth in earnings per share and increase in net income. 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, Pingtan Marine Enterprise ( PME), down 85.0%, Nanosphere ( NSPH), down 29.1%, Spherix ( SPEX), down 20.1% and Dynatronics Corporation ( DYNT), down 18.5% , were all laggards within the health services industry with DaVita HealthCare Partners ( DVA) being today's health services industry laggard.

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).

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

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