Monday Stock Market Update

The market traded slightly down around 1:30pm Monday ahead of the PPI and CPI numbers which will be reported on Tuesday and Wednesday respectively. The market may already factors in the increases of the prices due to oil prices surges recently. The uptrend for the market is still intact. Market leaders still keep advancing and hold their strong up momentum. Unless the trend of the market or stocks have changes, there is no need to sell the market leaders.

Speaking of market leaders, (ISRG) is definitely belongs to this category. This stock has been profiled two weeks ago by my blog before it was upgraded by the wall street broker. Let's examine this stock closely and present my bullish view of this stock.

(ISRG), Intuitive Surgical, Inc., it is in the medical equipment field. Its medical robots, da Vinci Surgical System, are in high demand. It is one of the desruptive technology out there which are monopolizing the market place. According to Yahoo's Finance Profile:

Intuitive Surgical engages in the design, manufacture, and marketing of the da Vinci Surgical System for use in urologic, cardiothoracic, and general surgeries. The da Vinci Surgical System consists of a surgeon’s console, a patient-side cart, and proprietary instruments. It translates the surgeon’s natural hand movements on instrument controls at a console into corresponding micro-movements of instruments positioned inside the patient through small puncture incisions or ports. The system provides the surgeon with motion, fine tissue control, and 3-D vision characteristic of open surgery, while simultaneously allowing the surgeon to work through small ports. The company also manufactures various EndoWrist instruments, including forceps, scissors, electrocautery, scalpels, and other surgical tools, which incorporate a wrist joint with tips customized for various surgical procedures. Its other products include Aesop Endoscope Positioner, a voice-activated robotic arm that automates the critical task of endoscope positioning; and Hermes Control Center, a centralized system designed to voice control a series of networked smart medical devices. The company sells its products through direct sales force in the United States and Europe, as well as through distributors in Australia, Canada, India, Italy, Romania, Saudi Arabia, Singapore, Taiwan, and Turkey. Intuitive surgical was co-founded by John G. Freund, Frederic Moll, and Robert Younge in 1995. The company is headquartered in Sunnyvale, California.

I believe this young company is the fomer Medtronic in the making. IBD has the over 90 for all of its scores. The stock is making higher high on a daily basis. My bold prediction is: it maybe a $125 stock by Thanksgiving time. Or $150 by X'mas time.