3 Stocks Pushing The Health Services Industry Lower

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 25 points (-0.1%) at 16,936 as of Monday, July 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,900 declining with 205 unchanged.

The Health Services industry currently sits up 2.6% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include AcelRx Pharmaceuticals ( ACRX), down 40.3%, Smith & Nephew ( SNN), down 2.1%, Fresenius Medical Care AG & Co. KGaA ( FMS), down 0.7% and Covidien ( COV), down 0.6%. Top gainers within the industry include Universal Health Services ( UHS), up 3.3%, Humana ( HUM), up 1.3%, Aetna ( AET), up 1.2% and WellPoint ( WLP), up 0.9%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Abbott Laboratories ( ABT) is one of the companies pushing the Health Services industry lower today. As of noon trading, Abbott Laboratories is down $0.31 (-0.7%) to $42.73 on light volume. Thus far, 1.5 million shares of Abbott Laboratories exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $42.62-$43.00 after having opened the day at $42.95 as compared to the previous trading day's close of $43.04.

Abbott Laboratories manufactures and sells health care products worldwide. Abbott Laboratories has a market cap of $64.4 billion and is part of the health care sector. Shares are up 12.3% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate Abbott Laboratories a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Abbott Laboratories as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we find that net income has been generally deteriorating over time. Get the full Abbott Laboratories Ratings Report now.

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

2. As of noon trading, Thermo Fisher Scientific ( TMO) is down $0.86 (-0.7%) to $124.21 on light volume. Thus far, 643,108 shares of Thermo Fisher Scientific exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $123.53-$125.46 after having opened the day at $125.46 as compared to the previous trading day's close of $125.07.

Thermo Fisher Scientific Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacturing, analysis, discovery, and diagnostics in the United States and internationally. Thermo Fisher Scientific has a market cap of $50.1 billion and is part of the health care sector. Shares are up 12.3% year-to-date as of the close of trading on Friday. Currently there are 12 analysts that rate Thermo Fisher Scientific a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Thermo Fisher Scientific as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, reasonable valuation levels, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Thermo Fisher Scientific Ratings Report now.

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

1. As of noon trading, Intuitive Surgical ( ISRG) is down $4.70 (-1.0%) to $465.00 on average volume. Thus far, 257,519 shares of Intuitive Surgical exchanged hands as compared to its average daily volume of 548,000 shares. The stock has ranged in price between $461.61-$474.84 after having opened the day at $474.84 as compared to the previous trading day's close of $469.70.

Intuitive Surgical, Inc. designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Intuitive Surgical has a market cap of $18.2 billion and is part of the health care sector. Shares are up 22.3% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate Intuitive Surgical a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Intuitive Surgical as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Intuitive Surgical Ratings Report now.

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 are interested in one of these 3 stocks, 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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