WellPoint Inc (WLP): 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.

WellPoint ( WLP) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day up 0.2%. By the end of trading, WellPoint rose $1.57 (1.6%) to $102.44 on average volume. Throughout the day, 2,642,286 shares of WellPoint exchanged hands as compared to its average daily volume of 3,017,500 shares. The stock ranged in a price between $99.99-$102.72 after having opened the day at $100.53 as compared to the previous trading day's close of $100.87. Other companies within the Health Services industry that increased today were: Medical Action Industries ( MDCI), up 11.9%, Sunshine Heart ( SSH), up 7.4%, Nordion ( NDZ), up 7.0% and CardioNet ( BEAT), up 6.4%.

WellPoint, Inc., a health benefits company, through its subsidiaries, provides a range of medical products in the United States. The company offers a spectrum of network-based managed care health benefit plans to large and small employer, individual, Medicaid, and senior markets. WellPoint has a market cap of $28.2 billion and is part of the health care sector. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are up 9.2% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate WellPoint a buy, no analysts rate it a sell, and 11 rate it a hold.

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

On the negative front, BG Medicine ( BGMD), down 6.1%, GenMark Diagnostics ( GNMK), down 5.4%, InspireMD ( NSPR), down 4.6% and Allied Healthcare Products ( AHPI), down 4.4% , were all laggards within the health services industry with Catamaran ( CTRX) 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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