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Chasing Value: S&P 500 adds Intuitive Surgical

 May 23, 2008 03:02 PM UTC
Picture_29
Return Risk
-12.97% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
JPM Positive 05/23/08 -13.76% 08/25/08
BSC Positive 05/23/08 -24.78% --
ISRG Positive 05/23/08 +16.17% 07/23/08

Graphic_arrow1 Via BloggingStocks:  

Filed under: Chasing Value, S and P 500, Bear Stearns Cos (BSC), Stocks to Buy, Intuitive Surgical Inc (ISRG), Best Stocks for 2008

Last night Intuitive Surgical (NASDAQ: ISRG )reached a historic milestone in its meteoric company life when Standard & Poors decided to add it to the S&P 500 index. It will be replacing Bear Stearns (NYSE: BSC) after J.P. Morgan Chase (NYSE: JPM) completes it's acquisition in the next couple of months.

After a tough day yesterday Chasing Value: Intuitive Surgical confounds Wall Street and closed down to a recent low of $274.75. It opened up today on the news and is currently trading up about 4% to $285 per share, in a market that is trading down across the board.

The following five-year chart illustrates the rapid rise of this highly specialized company that produces a robotic surgical device called the "da Vinci System". They own all the

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