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home / news releases / XLV - Intuitive Surgical: Shares Surge But Now Near Fair Value (Rating Downgrade)

XLV - Intuitive Surgical: Shares Surge But Now Near Fair Value (Rating Downgrade)

SPDR Select Sector Fund - Health Care

2024-07-11 23:59:06 ET

Summary

  • ISRG has been outperforming medical device stocks and S&P 500 amid strong earnings growth and technical momentum.
  • More EPS gains are expected over the coming quarters, but the valuation has become a concern.
  • ISRG showing strong technical momentum, with shares breaking out above key resistance.
  • Ahead of earnings next week, I highlight key price levels to watch.

Intuitive Surgical ( ISRG ) has been a winner in the past year-plus while the Health Care sector has sagged relative to the S&P 500. Within the space, the iShares U.S. Medical Devices ETF ( IHI ) is barely in the black on a total return basis over the past 52 weeks. This relative weakness comes ahead of the second-quarter earnings season. ...

For further details see:

Intuitive Surgical: Shares Surge, But Now Near Fair Value (Rating Downgrade)
Stock Information
Company Name: SPDR Select Sector Fund - Health Care
Stock Symbol: XLV
Market: NYSE
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