Institutional investors don't like surprises (at least the negative ones), and they adore above-average growth. That puts Stryker (NYSE:SYK) right in their sweet spot, and it goes a long way toward explaining why the shares often trade at a premium. These shares are up another 15% from the time of my last update, and the company's growth rate continues to impress. While Stryker does not look undervalued today, it seldom does, and ongoing high-end execution should be able to at least maintain the valuation multiples.
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Consistent Excellence Continues To Drive Stryker Higher