St Jude Medical Inc (STJ): 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.

St Jude Medical ( STJ) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day down 0.7%. By the end of trading, St Jude Medical fell $1.10 (-1.8%) to $61.84 on heavy volume. Throughout the day, 3,973,590 shares of St Jude Medical exchanged hands as compared to its average daily volume of 2,142,000 shares. The stock ranged in price between $61.68-$63.06 after having opened the day at $62.87 as compared to the previous trading day's close of $62.94. Other companies within the Health Services industry that declined today were: Intuitive Surgical ( ISRG), down 11.5%, Fonar ( FONR), down 7.5%, Electromed ( ELMD), down 7.3% and TearLab ( TEAR), down 6.0%.

St. Jude Medical, Inc. develops, manufactures and distributes medical devices for cardiac rhythm management, cardiovascular, and atrial fibrillation therapy areas worldwide. It operates in two divisions, Implantable Electronic Systems, and Cardiovascular and Ablation Technologies. St Jude Medical has a market cap of $17.8 billion and is part of the health care sector. Shares are up 1.6% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate St Jude Medical a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates St Jude Medical as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, reasonable valuation levels and solid stock price performance. 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 positive front, Unilife ( UNIS), up 12.2%, Natus Medical ( BABY), up 6.9%, Tenet Healthcare ( THC), up 4.2% and Escalon Medical ( ESMC), up 3.3% , were all gainers within the health services industry with HCA Holdings ( HCA) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Can Abbott Outperform Despite Alere?

Abbott Shares Dip on Mixed Fourth-Quarter Earnings

Abbott Labs: Diagnosing Growth in 2017

Abbott Laboratories Can Merge With St. Jude Medical: FTC

FTC Allows Abbott to Spin Off Units, Buy St. Jude Medical