Shares of major medical device player Stryker (NYSE:SYK) shot up more than 2.5% today after the company released promising revenue results ahead of its Q4 earnings release and its presentation at the JPMorgan Healthcare Conference. In this video, health care analyst Max Macaluso breaks down the news and looks at a general trend in the medical device space.

Max Macaluso, Ph.D. has no position in any stocks mentioned. The Motley Fool recommends Covidien Ltd. and Johnson & Johnson. The Motley Fool owns shares of Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.