Stock #7 –
Intuitive Surgical (ISRG)
Health care powerhouse Intuitive Surgical (ISRG) is trading just shy of $250 per share, and it’s a bargain at that price. This health care stock has weathered the recession marvelously and is in prime position for big growth in the months ahead.
In its recent earnings report, ISRG reported a rise in profit for its fiscal first quarter that ended September 30, reflecting an increase in revenues from all its segments. Specifically, profits came in at $1.64 per share, topping forecasts by double-digits. Net revenues also rose 20% to $280 million compared to last year, handily topping estimates estimate of $258 million.
Like Alcon, I expect health care reforms to really boost this stock. But more importantly, I expect strong revenue growth and healthy margins to deliver continued success for ISRG in the months ahead. If shares are at $250 now, I expect them to push through $300 sometime in 2010.
Buy into this stock before the surge for your share of those profits.
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- Poll of the Day