GE Healthcare on Wednesday morning reported a mixed second quarter and shares initially moved sharply lower. The stock then reversed higher as the post-earnings call got underway. Management made it clear that they think that weakness in China is temporary and see many other levers available to grow earnings. Revenue advanced less than 1% year over … Read more
The Philips office building in Warsaw, Poland, on July 29, 2021. Nurphoto | Nurphoto | Getty Images Shares of Dutch device maker Philips jumped more than 10.5% in early deals Monday after the company reported better-than-expected second-quarter earnings. Shares pared gains slightly to trade up 10.4% by 8:50 a.m. London time. Comparable group sales rose … Read more
We’ve got our July Monthly Meeting this Wednesday and are preparing an exciting update of something we talked about at our annual gathering back in February . Join us live at noon ET. In the meantime, we received some terrific feedback from members after revealing in late May five stocks we would buy right here, … Read more
Philips office building in Warsaw, Poland on July 29, 2021. Nurphoto | Nurphoto | Getty Images Philips shares soared Monday after the Dutch medical devices giant agreed a $1.1 billion settlement in a U.S. case linked to the recall of some of its devices used to treat sleep apnea. Millions of devices were recalled in 2021 over … Read more
Google Cloud and the German health-care company Bayer on Tuesday announced they are building an artificial intelligence-powered platform that aims to help radiologists diagnose patients and work through cases more quickly. The platform’s generative AI flags anomalies within images for radiologists to look at, and it can also pull up relevant information from that patient’s … Read more
Business at GE Healthcare Technologies capped off 2023 on a strong note despite ongoing concerns about China. That coupled with management’s upbeat view of this year propelled shares up more than 13% to over $83 each at session highs. That was their highest level since July 2023. The Club stock closed just under $82. Total … Read more
We’re selling 95 shares of GE Healthcare at roughly $74. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 1,150 shares of GEHC, reducing its weighting to 2.75% from 2.97%. The small trim we’re making in GE Healthcare with the stock up slightly in an otherwise rough tape does not change our belief in this … Read more
