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 up 0.4%. By the end of trading, Medtronic rose $1.11 (2.1%) to $53.20 on heavy volume. Throughout the day, 11,237,356 shares of Medtronic exchanged hands as compared to its average daily volume of 4,949,100 shares. The stock ranged in a price between $52.86-$53.49 after having opened the day at $53.38 as compared to the previous trading day's close of $52.09. Other companies within the Health Services industry that increased today were: Rochester Medical Corporation ( ROCM), up 44.2%, Rockwell Medical ( RMTI), up 8.8%, Mazor Robotics ( MZOR), up 7.0% and Medical Action Industries ( MDCI), up 6.0%.

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 $52.1 billion and is part of the health care sector. Shares are up 27.0% year to date as of the close of trading on Tuesday. Currently there are 6 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, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, MiMedx Group ( MDXG), down 36.5%, Unilife Corporation ( UNIS), down 14.7%, American Shared Hospital Services ( AMS), down 7.4% and Opko Health ( OPK), down 6.4% , were all laggards within the health services industry with Community Health Systems ( CYH) 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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