Medtronic Inc. (MDT): Today's Featured Health Services Laggard

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 lower today making it today's featured Health Services laggard. The industry as a whole closed the day up 1.0%. By the end of trading, Medtronic fell $0.64 (-1.1%) to $58.30 on average volume. Throughout the day, 4,108,654 shares of Medtronic exchanged hands as compared to its average daily volume of 5,093,900 shares. The stock ranged in price between $58.30-$59.18 after having opened the day at $59.00 as compared to the previous trading day's close of $58.94. Other companies within the Health Services industry that declined today were: Unilife Corporation ( UNIS), down 10.9%, Span-America Medical ( SPAN), down 5.8%, Retractable Technologies ( RVP), down 4.5% and Antares Pharma ( ATRS), down 4.3%.

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 $58.6 billion and is part of the health care sector. Shares are up 2.7% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Medtronic a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Medtronic as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Centene Corporation ( CNC), up 12.2%, Cardica ( CRDC), up 9.5%, IMRIS ( IMRS), up 8.3% and Ironwood Pharmaceuticals ( IRWD), up 7.8% , were all gainers within the health services industry with Intuitive Surgical ( ISRG) being today's featured health services industry leader.

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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