Medtronic Inc. (MDT): 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.

Medtronic ( MDT) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day down 0.6%. By the end of trading, Medtronic rose $0.70 (1.3%) to $55.88 on average volume. Throughout the day, 4,603,340 shares of Medtronic exchanged hands as compared to its average daily volume of 5,350,700 shares. The stock ranged in a price between $55.39-$55.98 after having opened the day at $55.49 as compared to the previous trading day's close of $55.18. Other companies within the Health Services industry that increased today were: DexCom ( DXCM), up 21.3%, Thermogenesis Corporation ( KOOL), up 17.9%, OraSure Technologies ( OSUR), up 14.6% and LHC Group ( LHCG), up 11.5%.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. The company operates in two segments, Cardiac and Vascular Group, and Restorative Therapies Group. Medtronic has a market cap of $55.5 billion and is part of the health care sector. Shares are up 34.5% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Medtronic a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Medtronic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and good cash flow from operations. 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 83.8%, Stereotaxis ( STXS), down 46.8%, Biolase ( BIOL), down 26.6% and BG Medicine ( BGMD), down 18.8%.

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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