Top Medical Distributors $ABC, $EDAP, $CAH - Swing Trading (+64%.)
Swing Trader for Beginners: Trading in Markets Trending Down (TA&FA)
Spotlight on Medical Distributors: An In-Depth Analysis
Industry Description: Medical Distributors
The medical distribution industry plays a pivotal role in the U.S. healthcare ecosystem. Spanning pharmaceutical product distribution, medical device distribution, and biopharmaceutical product distribution, these distributors function not only as intermediaries but also take on ownership and management responsibilities. With core services generating $33 billion-$53 billion in value annually, the industry includes big players like McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health, Inc., and Patterson Companies, Inc.
Theme and Group of Tickers
The theme centers around the healthcare distribution market, particularly medical distributors. The group of tickers involved in this theme includes:
Positive Outlook and Key Indicators
The stocks in the group are showcasing a positive outlook, with a forecasted increase of more than 4.00% in the next month. Supported by the Volume Indicator and a daily ratio of advancing to declining volumes at 1.21 to 1, this group is marked by a favorable trend. Five stocks are also showing a positive trend based on the Stochastic indicator.
Market Capitalization
With an average market capitalization of 16.8B across the group, the range varies from 277.7M (ZYXI) to 58.1B (MCK), emphasizing a diverse portfolio within the theme.
Price Trends and Notable News
There has been an average weekly price growth of 0.16% and notable fluctuations across the group. Some key highlights include:
- PDCO: Highest price growth at 1.84%
- ZYXI: Biggest fall at -1.8%
- HSIC: A top weekly gainer, with a +6.51% jump
- MCK: Also a top weekly gainer, with a +10.42% jump
- CAH: Another significant gainer, with a +7.17% jump
Volume Trends
The average volume trends have been marked by a weekly decline of -12.77%, contrasting with a monthly growth of 44.12% and quarterly growth of 20.94%.
Fundamental Analysis Ratings
With various scores and ratings, the group’s overall financial health can be summarized as:
- Valuation Rating: 74
- P/E Growth Rating: 47
- Price Growth Rating: 52
- SMR Rating: 67
- Profit Risk Rating: 31
- Seasonality Score: -3
Spotlight on Three Tickers
$MCK - McKesson Corporation
- Market Cap: 58.1B
- Recent Activity: A top weekly gainer with a +10.42% jump.
- Overview: A leading force in pharmaceutical distribution and healthcare supply chain management.
$ZYXI - Zynex, Inc.
- Market Cap: 277.7M
- Recent Activity: Experienced the biggest fall at -1.8%.
- Overview: A niche player specializing in non-invasive medical devices, particularly for pain management.
$CAH - Cardinal Health, Inc.
- Market Cap: Substantial
- Recent Activity: Top weekly gainer, with a +7.17% jump.
- Overview: Renowned for its pharmaceutical distribution and customized healthcare solutions.
The medical distributor's industry is dynamic and multifaceted, encompassing various sub-segments and key players. With strong prospects and positive indicators, this group presents an intriguing option for investors and market observers. The diversification within the group, ranging from giants like McKesson to specialized firms like Zynex, adds a layer of complexity and opportunity that merits close attention.
