The following video is part of our "Motley Fool Conversations" series, in which senior analyst Matt Argersinger and analyst Paul Chi discuss topics across the investing world.
Not many stocks have been spared by the recent market downturn, but Genomic Health continues to trade close to its 52-week high, and for good reason. The small-cap company is a pioneer in the burgeoning field of molecular diagnostics, specifically for cancer screening, and demand for its state-of-the-art tests is growing by leaps and bounds. Genomic's Oncotype breast cancer test, launched in 2004, has become a leading alternative to the standard mammography. In 2010, Genomic launched a test for colon cancer and is in the process of developing tests for prostate and renal cell cancers.
For Genomic Health, the market opportunity is huge. An estimated 1.6 million people in the United States and 12.7 million people worldwide were diagnosed with cancer in just the past year. Get Matt's full take on Genomic Health and why he sees it as a winning value proposition for both cancer patients and investors by watching the video below.
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Matthew Argersinger has no positions in the stocks mentioned above. Paul Chi has no positions in the stocks mentioned above. The Motley Fool owns shares of Genomic Health and Laboratory Corp. of America. Motley Fool newsletter services recommend Genomic Health, Illumina, Laboratory Corp. of America, and Quest Diagnostics. 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.