Jim Cramer Highlights Intuitive Surgical Rally on Unexpected Procedure Growth

Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the stocks Jim Cramer put under the spotlight recently. Cramer noted the reason for the stock’s recent rally, as he remarked:

“When you want amazing and you get amazing and your stock’s up a lot, you’ll, well, then you’ll probably get a pullback. Now, I want you to contrast all this with the best-performing stock in today’s session, which is… Intuitive Surgical. Here’s a company that fell out of favor as there hadn’t been as much utilization of their incredible Da Vinci surgical machine of late.

This time, though, there was strong double-digit… procedure growth, up 16% and with the real kicker, the Leerink Partners research said that those procedures grew because of after-hours use. That’s greater leverage of fixed costs. Nobody saw that re-acceleration coming, which is how Intuitive Surgical could rally nearly 14% today.”

Intuitive Surgical, Inc. (NASDAQ:ISRG) designs and manufactures robotic systems and instruments that enable minimally invasive surgical and diagnostic procedures.

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Disclosure: None. This article is originally published at Insider Monkey.