I have been watching the medical device sector launch upward (largely on the back of Intuitive Surgical, ISRG). As such I put two lagging but prominent stocks on radar, MDT and BSX. MDT lagged in part by what drove ISRG; namely, that regulators have increased some barriers to entry to Robotic Surgery, which evidently dinged MDT (which acquired Mazor Robotics a few years ago). MDT … Continue reading NFTRH+; 2 Medical Device Companies
Back on April 21st NFTRH 548 noted that the medical device babies were getting thrown out with the politically hyped bathwater that was submerging the Healthcare sector. I finally took the profit on that trade as I am in cash-raise mode. Maybe I used the state of RSI & MACD as an excuse to take the profit. Maybe they are not rolling over at all. … Continue reading Medical Devices: Negative Political Hype Was Opportunity
It’s been a hard road for this more defensive sector since the casino bottomed out at the Christmas Eve Massacre and its patrons gradually regained their backbones in order to accept risk. The final indignity was the ‘Socialization of Medicare’ hysteria that swept the market and tanked the Healthcare sector in April (where I took still-held long positions in Medical Devices via IHI). Since then … Continue reading What Healthcare Needs to Do to Go Bullish
I am still pissed that INGN proved me wrong and took my money. I’ll get you… my pretty. An over valued pig if there ever was one. As noted earlier, I sold MDT and took the profit. That was in addition to a dividend already collected. Thank you sir. But speaking of dividends, it occurs to me that many of these pigs are soaked with … Continue reading About Those Over Valued Medical Device Companies
Last year we highlighted EW weekly in the NFTRH+ Charts & Notes segment, beginning before it broke out from a nice Ascending Triangle. Here is a public post that came after the breakout… EW Ascending Triangle Expresses Itself Okay fine; I’ve long-since taken the profit on what I consider a richly valued stock in an over valued sector. But MDT is more reasonably valued and … Continue reading Medtronic (MDT): 2018’s Version of Edwards Lifesciences (EW)?
Yesterday we took a look at the bullish SYK breakout and the bullish chart of the Medical Device iShares (IHI). So here is the thing; bullish stocks are one thing and sound business is another. Many of these device/equipment companies have long-standing and sound businesses. But yet another thing is valuation. In combing through IHI’s holdings today, looking at charts, business specifics and P/E & … Continue reading About Those Medical Device Companies
The Medical Device sector is and has been our (NFTRH’s) favored sector for what is now years. And though I am a chart jockey, it is not only for technical reasons. As a former manufacturing guy with a customer base full of these companies (directly and indirectly Boston Scientific, Intuitive Surgical, Abbott Labs, GE Medical, Waters and more) I know that the sector has historically … Continue reading A Picture Perfect Ascending Triangle Breakout in a Near Picture Perfect Sector
I’ve been posting a bit publicly about the sector so I may as well put the below excerpt up as well. Aside from the usual charts it was really just some dredging and speculating about the tax dynamics swirling around the sector (we also expanded a bit on the Biotech sector) within the US Stock Market segment, which covers a ton of sectors. First however, … Continue reading NFTRH 474 Excerpt on Medical Devices
There was the high, tight one on Biotech iShares, IBB and then others noted on the Medical Device iShares, IHI and the general sector SPDR, XLV. Well, there ya go. Here’s the updated chart. The oft-noted interest rate dynamic is obviously in play here to some degree. Subscribe to NFTRH Premium for your 40-55 page weekly report, interim updates and NFTRH+ chart and trade ideas … Continue reading Well How About Those Healthcare Flags?
As noted in NFTRH, I’d been looking for a pop to the SMA 200 and a close of the November gap. Taking the profit on Medtronic and moving on. As implied in a post yesterday, the more general Healthcare areas – aside from Medical Devices – could be interesting. Subscribe to NFTRH Premium for your 30-45 page weekly report, interim updates and NFTRH+ chart and … Continue reading MDT at Target, Profit Taken
I made a rather bemused post on January 11 as Donald Trump said the word “Pharma” in his first formal post-election press conference and man, machine and substance abuser alike dropped the entire Healthcare sector, including Medical Devices, which actually stand to benefit from proposed Trumpian policy. Market Paints Medical Devices With the Pharma Brush on Trump Well, here is the IHI iShares today, at … Continue reading Medical Devices and Healthcare, Since He Said “Pharma”…
With all due respect for targets not being stop signs, we note that Waters has hit its target today after being highlighted close to a month ago and testing me with some earnings volatility along the way. I took the profit on Friday, just a hair below the 150 target, which is being exceeded today. I had increased the position on the post-earnings downside (and … Continue reading Medical Device Co. WAT Doinks Target (Public)
Well, you can throw darts, but you’ve got to be a good shot and able to hit the bull’s eye. That is because discrimination, as opposed to ‘set it and forget it’ or one-size-fits-all will be important in 2017. You may recall my nonplussed response when Trump said “Pharma” in his first post-election press conference on January 11, and they immediately reversed and tanked the … Continue reading Don’t Throw Darts at This Market! Ex: Healthcare
Yes it is; anything is possible and fair in this casino. But I had to laugh when I saw NFTRH+ pick, WAT, surge just about to its target of 150 and then get smashed right back down again. It reminds me of fellow NFTRH+ pick IBM, which went up on earnings, down hard on earnings and then way up again. I only hope WAT is … Continue reading Waters Corp… Hey, Now That’s Not Fair!