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Aug 31, 2023

Thermo Fisher Scientific ($TMO) Soars with a Stellar +5.38% Weekly Gain!

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In a week where the markets have exhibited a lot of volatility, Thermo Fisher Scientific (TMO, $555.41) emerged as a beacon of hope for many investors by clocking a notable +5.38% jump. A proud member of the Medical Specialties Industry, this rise isn't just isolated to TMO. According to A.I.dvisor's recent analysis of 499 stocks in the same industry, a significant 67.79% exhibited an uptrend this past week. 📈

However, amidst the celebrations, it's worth noting the last earnings report from July 26. TMO showcased an earnings per share of $5.15, slightly missing the estimate by $0.28. With its massive outstanding shares count of 247.56K, TMO's current market capitalization has surged to an impressive $214.36B. 💰

For dividend seekers, TMO paid out $0.35 per share with a record date on July 14, 2023. 📅 But here's something vital to remember: the ex-dividend date was on June 14, 2023. Hence, any purchases post this date won't be eligible for this dividend.

Industry Spotlight 🌟:
Medical specialties firms, including giants like Abbott Laboratories, Medtronic plc, and of course, our star performer TMO, manufacture crucial equipment for the healthcare sector. From dialysis machines, blood analysis tools to intricate surgical equipment, these companies are the backbone of modern medical infrastructure. Their strength lies in their resilience; being less sensitive to macroeconomic swings ensures a degree of stability.

Speaking numbers, the industry's average market cap stands at $6.52B. The titans in this space, like MKYSF, have valuations soaring to 3.82T, while at the other end of the spectrum, firms like FOGCF hover at 27.

Performance Highlights 📊:

  • Weekly industry-wide price growth stood at 1%.
  • Monthly and quarterly growth rates were -2% and 2% respectively.
  • HTGMQ was the star performer with a whopping 124% growth, while GMVDF fell by a steep -55%.

Volume tells its story too: a weekly surge of 9%, contrasted by a monthly dip of -14%, and then a robust quarterly growth of 34%. Such fluctuations are indeed the heartbeat of the stock market!

Analytical Insights 🔍:
Diving deep into the fundamental metrics, here's how the industry fares:

  • Valuation Rating: 50
  • P/E Growth Rating: 70
  • Price Growth Rating: 50
  • SMR Rating: 84
  • Profit Risk Rating: 87
  • Seasonality Score: A slightly concerning -13

In the past five trading sessions, TMO not only gained +3.65% but did so with an average daily volume of 44,253 shares. However, a minor drawdown of -2.49% is also on the books.

🎯:
Thermo Fisher Scientific's performance has been impressive, and while the recent earnings slightly missed estimates, the company's robust fundamentals and the industry's overall trend indicate promising times ahead. As with all investments, a well-informed decision, considering all variables, is the key to success!

Stay tuned for more insights and always trade smart! 💼📈🔥

Related Ticker: TMO

TMO in downward trend: price expected to drop as it breaks its higher Bollinger Band on August 29, 2023

TMO broke above its upper Bollinger Band on August 29, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 48 similar instances where the stock broke above the upper band. In of the 48 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TMO as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for TMO turned negative on September 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

TMO moved below its 50-day moving average on September 06, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for TMO crossed bearishly below the 50-day moving average on September 12, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TMO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for TMO entered a downward trend on August 31, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for TMO's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TMO advanced for three days, in of 366 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. TMO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.454) is normal, around the industry mean (24.999). P/E Ratio (34.483) is within average values for comparable stocks, (80.409). Projected Growth (PEG Ratio) (1.948) is also within normal values, averaging (6.287). Dividend Yield (0.003) settles around the average of (0.018) among similar stocks. P/S Ratio (4.535) is also within normal values, averaging (59.144).

Notable companies

The most notable companies in this group are Abbott Laboratories (NYSE:ABT), Medtronic plc (NYSE:MDT), Intuitive Surgical (NASDAQ:ISRG), Boston Scientific Corp (NYSE:BSX), Edwards Lifesciences Corp (NYSE:EW), IQVIA Holdings (NYSE:IQV), Align Technology (NASDAQ:ALGN), Illumina (NASDAQ:ILMN), Exact Sciences Corp (NASDAQ:EXAS), Guardant Health (NASDAQ:GH).

Industry description

Medical specialties are companies that make equipment used by the health care industry. Equipment manufactured and distributed by these companies include dialysis machines, blood analysis equipment, surgical equipment, dental instruments, and diagnostic tools, among other items. Large companies typically aim to produce and distribute high-quality products across a broad market spectrum. Smaller firms are more likely to specialize in a particular market segment. Due to the industry’s close association with medical treatments, they typically have low sensitivity to macroeconomic fluctuations. Within this industry, Abbott Laboratories, Medtronic Plc and Thermo Fisher Scientific Inc. are some of the companies with multi-billion market capitalizations in the U.S. stock markets.

Market Cap

The average market capitalization across the Medical Specialties Industry is 6.4B. The market cap for tickers in the group ranges from 27 to 3.82T. MKYSF holds the highest valuation in this group at 3.82T. The lowest valued company is FOGCF at 27.

High and low price notable news

The average weekly price growth across all stocks in the Medical Specialties Industry was 0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -5%. AVGR experienced the highest price growth at 155%, while HSCS experienced the biggest fall at -52%.

Volume

The average weekly volume growth across all stocks in the Medical Specialties Industry was 40%. For the same stocks of the Industry, the average monthly volume growth was -1% and the average quarterly volume growth was 85%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 71
Price Growth Rating: 59
SMR Rating: 83
Profit Risk Rating: 88
Seasonality Score: -22 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of analytical and environment monitoring instruments

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
Medical Specialties
Address
168 Third Avenue
Phone
+1 781 622-1000
Employees
130000
Web
https://www.thermofisher.com
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TMO and

Correlation & Price change

A.I.dvisor indicates that over the last year, TMO has been closely correlated with DHR. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if TMO jumps, then DHR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TMO
1D Price
Change %
TMO100%
-0.65%
DHR - TMO
83%
Closely correlated
-1.90%
A - TMO
79%
Closely correlated
-2.44%
WAT - TMO
76%
Closely correlated
-1.91%
MTD - TMO
72%
Closely correlated
-3.28%
IQV - TMO
68%
Closely correlated
-3.04%
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