EW - Medtech negatively impacted by rising energy costs- Hammerstone Markets

Medtech companies are being negatively impacted by the rise in energy and commodity costs caused by the ongoing conflict between Ukraine and Russia, Hammerstone Markets said. Hammerstone noted the rise in those costs could lead to fewer elective procedures. One of the companies that Hammerstone cites as potentially impacted is Intuitive Surgical (ISRG -4.9%), which is one of the top S&P 500 losers today. Other names the financial news and analytics service said to look out for are Align Technology (ALGN -0.8%), DexCom (DXCM -2.5%), and Edwards LifeSciences (EW -3.0%). Check out why Seeking Alpha contributor Khaveen Investments considers Intuitive Surgical (ISRG -4.9%) a hold.

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Medtech negatively impacted by rising energy costs- Hammerstone Markets