Intuitive Surgical, a maker of medical robots, is expected to increase its earnings by 33% this year.
That is tantalizing growth at a time when the broad Standard & Poor's 500-stock index is projected to see a 9% gain in operating earnings this year, versus 15% last year and 47% in 2010.
But investors might pause before buying Intuitive when they see the price: 36 times this year's earnings forecast, compared with 13 times for the S&P 500.
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