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By Market News Video Staff, Tuesday, November 9, 11:42 AM ET
Irish medical device maker Covidien (NYSE:COV) posted a surge in fourth quarter earnings that beat analyst expectations. The stock is trading higher by 5.8%.
Covidien is the third-largest holding in the iShares Dow Jones U.S. Medical Devices Index Fund (AMEX:IHI), at 7.27% of the total portfolio. The fund is trading up 0.8% today, with Medtronic (NYSE:MDT), Thermo Fisher Scientific (NYSE:TMO), Stryker (NYSE:SYK) and St. Jude Medical (NYSE:STJ) rounding out its top holdings.
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