Relatively High Level of Cash Detected in Shares of Medtronic in the Health Care Equipment Industry (MDT, ABT, BAX, SYK, STJ)
Below are the three companies in the Health Care Equipment industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Medtronic ranks highest with a CE of $18,000. Following is Abbott Laboratories with a CE of $6,000. Baxter International ranks third highest with a CE of $6,000.
Stryker follows with a CE of $3,000, and St Jude Medical rounds out the top five with a CE of $3,000.
SmarTrend recommended that subscribers consider buying shares of St Jude Medical on February 22nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $54.18. Since that recommendation, shares of St Jude Medical have risen 46.5%. We continue to monitor St Jude Medical for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash Medtronic Abbott Laboratories baxter international Stryker St Jude Medical