NorthAmerica
Artificial intelligence could be a huge benefit for the health care space, says Fred Hassan. He’s chairman of the Caret Group. What parts of health care could benefit from AI?Hassan expects AI to help boost productivity across the board in the health sector – be it drug discovery, clinical trials, or patient management. Infectious diseases and oncology in particular will benefit from artificial intelligence in the near term, he told CNBC in a recent interview. Chairman Hassan forecasts AI to be a positive for GLP-1s (weight-loss drugs) as well. Last week, Sanofi partnered with OpenAI to deploy...
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Ford Motor Co (NYSE: F) is up roughly 20% versus its year-to-date low but a Bernstein analyst is convinced it has significant room still to the upside. Ford stock could climb to $16Daniel Roeska assumed coverage of the legacy automaker last week with a “buy” rating and said it shares could climb to $16 which translates to about a 33% upside from here. The EV segment of $F known as the “Model e” lost $4.7 billion in 2023. Still, the Bernstein analyst told clients in a recent research note: While electric execution looms large, we see a clear path to significant operating leverage and ultimately...
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Boeing Co (NYSE: BA) is in focus this morning after announcing a new contract with the U.S. Air Force. Details of new Boeing-Air Force dealThe aerospace and defence giant has signed a $7.48 billion agreement related to JDAM (Joint Direct Attack Munition) with the Air Force Life Cycle Management Center, Hill Air Force Base, UT. $BA expects the contract that will see it deliver JDAM tail kits, repairs, spares, technical and Laser Joint Direct Attack Munition sensor kits to be completed by early 2030. The news arrives about a month after Boeing Co reported its financial results for the first quar...
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Innovative Eyewear Inc (NASDAQ: LUCY) is up nearly 500% at writing even though there hasn’t been any particular news to catalyse that kind of a rally in shares of the smart glasses company. Innovative Eyewear stock trading volume is up massively$LUCY did not post a press release or file with the Securities and Exchange Commission of the United States on Friday. None of the Wall Street analysts issued a bullish note in its favour either. Still, more than 85 million shares of the Florida based company have exchanged hands today as of writing. The daily trading volume is up sharply from close to ...
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Famed investor Jim Cramer is all praise for Deckers Outdoor Corp (NYSE: DECK) that surpassed $1,000 per share for the first time after posting its quarterly earnings report on Friday. Cramer says HOKA is an incredible brandCramer agrees that HOKA is not comparable to Nike in terms of sales but said the footwear giant should still be “scared” of it. That’s because HOKA has incredible momentum and “the shoe business has historically been a momentum business”. The Mad Money host expressed confidence in the leadership of David Powers on CNBC’s “Squawk on the Street” today and said “no one can touc...
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A 9.0% decline in Intuit Inc (NASDAQ: INTU) following its quarterly earnings report last night is worth buying, as per a UBS analyst. Intuit stock could climb to $670Intuit stock is taking a hit this morning because the management’s guidance for the current quarter failed to impress the market. Still, Jennifer Swanson Lowe raised her price objective on $INTU in a recent research note to $670 which suggests a near 12% upside from here. The UBS analyst is bullish on the financial software company as she sees potential for continued growth in company’s consumer group revenue that popped some 9.0%...
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Verastem Inc (NASDAQ: VSTM) opened nearly 70% down this morning even though the pharmaceutical firm reported positive interim data for its combination therapy as a treatment of pancreatic cancer. Here’s what is hitting $VSTM todayThe oncology company commenced a regulatory submission aimed at U.S. approval for avutometinib and defactinib as well on Friday. But Verastem stock still crashed today primarily because the biotech firm restricted its NDA application for accelerated approval to “adult patients with recurrent KRAS mutant low-grade serous ovarian cancer”. That’s significant because it e...
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Walmart Inc (NYSE: WMT) is in the green at writing after announcing an end to its years-long agreement with Capital One Financial Corp (NYSE: COF). What does it mean for existing cardholders?$COF has been exclusively issuing Walmart Consumer Credit Cards since 2019. Last year, however, the retail behemoth accused it of being too slow in replacing lost cards and making transactions appear on cardholders’ accounts. While Walmart has now decided to part ways with Capital One, it does not immediately change things for existing cardholders, as per the press release on Friday. Cardholders can contin...
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A 5.0% dip in Snowflake Inc (NYSE: SNOW) following its Q1 earnings report is an opportunity to buy a quality name at a discount, says Michael Turrin – a Wells Fargo analyst. Snowflake stock has a 50% upside from hereTurrin recommends buying $SNOW as he sees potential in it to climb all the way up to $225. That suggests a near 50% upside from here. The NYSE listed firm came in shy of Street estimates for per-share earnings in its fiscal first quarter last night. Still, the Wells Fargo analyst cited significant market opportunity and strong operational performance as reasons to own Snowflake sto...
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Toll Brothers Inc (NYSE: TOL) is trading up in extended hours on Tuesday after coming in ahead of Street estimates for its fiscal second quarter. Toll Brothers stock up on impressive guidanceThe stock is gaining also because the management issued upbeat guidance for the future. $TOL now expects to deliver up to 2,850 units in Q3 at an average price of between $950,000 and $960,000. The construction company forecasts about $14 of EPS this year versus analysts at $13.77. Douglas C. Yearley Jr. – the chief executive of Toll Brothers said in a press release today: Demand for new homes continues to...
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