Health Services Industry Sees Mixed Performance Amid Market Rally

Strategic Insights -

The health services industry is experiencing a mixed performance as the broader market rallies, with the Dow Jones Industrial Average trading up 125 points (0.7%) at 17,965 as of Friday, May 1, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,606 issues advancing vs. 1,375 declining with 147 unchanged. Within the health services industry, top gainers include UnitedHealth Group (UNH), up 1.8%, St Jude Medical (STJ), up 1.6%, CVS Health (CVS), up 1.1%, Medtronic (MDT), up 1.1%, and Anthem (ANTM), up 1.0%. A company within the industry that fell today was Boston Scientific (BSX), up 1.5%.

Key Takeaways:

  • Smith & Nephew (SNN) is one of the companies pushing the Health Services industry higher today, with shares up 1.6% to $34.44 on average volume.
  • DaVita HealthCare Partners (DVA) is up 1.1% to $82.03 on light volume, with the company's revenue growth and solid stock price performance cited as strengths.
  • Thermo Fisher Scientific (TMO) is up 0.6% to $126.47 on average volume, with the company's revenue growth, reasonable valuation levels, expanding profit margins, and increase in stock price during the past year cited as strengths.
  • TheStreet Ratings rates Smith & Nephew as a buy, with the company's strengths including revenue growth, reasonable valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, and solid stock price performance.
  • TheStreet Ratings rates DaVita HealthCare Partners and Thermo Fisher Scientific as buys, with both companies citing revenue growth as a key strength.
  • Jim Cramer's charitable trust portfolio is available for 14-days FREE, providing insight into his top stock picks.
  • Investors interested in the health services industry could consider the Health Care Select Sector SPDR (XLV) while those bearish on the industry could consider the ProShares Ultra Short Health Care (RXD) ETF.

Statistics:

  • The Dow Jones Industrial Average is trading up 125 points (0.7%) at 17,965.
  • The NYSE advances/declines ratio sits at 1,606 issues advancing vs. 1,375 declining with 147 unchanged.
  • UnitedHealth Group (UNH) is up 1.8%, with the company's market capitalization of $50.6 billion and part of the health care sector.
  • DaVita HealthCare Partners (DVA) has a market capitalization of $17.8 billion and is part of the health care sector.
  • Thermo Fisher Scientific (TMO) has a market capitalization of $50.6 billion and is part of the health care sector.
  • Smith & Nephew (SNN) has a market capitalization of $16.5 billion and is part of the health care sector.

Sources:

  • TheStreet Wire, "Three Stocks Pushing The Health Services Industry Higher Today", Friday, May 1, 2015, 12:55 PM ET.
  • TheStreet Ratings, "Smith & Nephew (SNN) - TheStreet Ratings Report", Friday, May 1, 2015.
  • TheStreet Ratings, "DaVita HealthCare Partners (DVA) - TheStreet Ratings Report", Friday, May 1, 2015.
  • TheStreet Ratings, "Thermo Fisher Scientific (TMO) - TheStreet Ratings Report", Friday, May 1, 2015.