Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, the 10 stocks below are the highest rated in the medical device industry.
CAPS contains more than just the crowd's opinions. The votes of CAPS' best-performing members, known as All-Stars, count more in shaping each company's rating than do the picks of their poorer-performing peers. That way, the highest rated companies are not just the most popular companies in the industry, in this case Medtronic (NYS: MDT) and Intuitive Surgical (NAS: ISRG) , but are the best of the best. You can then intelligently use members' collective wisdom to make better decisions and find hidden gems you may never have otherwise heard of.
The medical device industry has been doing well, though the industry is pushing for a faster FDA approval process to spur innovation and jobs, and to get devices to market quicker.
Just like Medtronic, Zoll is at the forefront of the defibrillation and cardiac monitoring market. New technology, features and recent successes make Zoll the manufacturer to watch. If an agency doesn't buy a Lifepak, chances are, they're buying a Zoll. Cover all the options and buy both companies...
Here are the rest of the 10 highest-rated companies in the industry along with their CAPS rating:
CAPS Rating (out of 5)
Market Cap (in millions)
Utah Medical Products
SonoSite (NAS: SONO)
Hansen Medical (NAS: HNSN)
Varian Medical Systems (NYS: VAR)
St. Jude Medical (NYS: STJ)
Source: Motley Fool CAPS, as of Nov. 7.
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At the time thisarticle was published Fool contributor Dan Dzombak can be found on his Twitter account: @dandzombak. Click here to see his holdings and a short bio.The Motley Fool owns shares of Masimo, Medtronic, and St. Jude Medical. Motley Fool newsletter services have recommended buying shares of Covidien, Intuitive Surgical, and SonoSite. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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