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Intuitive, headquartered in Sunnyvale, California, is a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery. Intuitive believes that minimally invasive care is life-enhancing care. Through ingenuity and intelligent technology, it expands the potential of physicians to heal without constraints.
1020 Kifer Rd
Sunnyvale, California 94086-5301
Phone: 14085232100
www.intuitivesurgical.com
Intuitive Surgical''s (NYSE: ISRG ) short percent of float has fallen 11.59% since its last report. The company recently reported that it has 4.30 million shares sold short , which is 1.22% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.47 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price … Full story available on Benzinga.com
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Baron Funds, an investment management company, released its “Baron Health Care Fund” second quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund declined 2.55% (Institutional Shares) in the quarter compared to a 1.02% decline for the Russell 3000 Health Care Index (benchmark) and a 3.22% gain for the Russell […]
https://www.investing.com/news/company-news/redburnatlantic-upgrades-intuitive-surgical-stock-cites-positive-financial-outlook-93CH-3551270
As I’m sure everyone reading this is aware, artificial intelligence, or AI, has been quite a volatile sector in the recent past. All indicators suggest this will continue in the near to semi-long-term future. Many are skeptical of the high valuation AI companies carry, often comparing it to those seen before the dot-com crash. Statistically speaking, we are far away from that level of inflated valuations — at least for now. AI companies rise and fall every day. In a way, they can be seen as a “playground” for investors who want to take risks to reap awards, but are too risk-averse to invest in even more volatile sectors, such as biotechnology. While there are many AI-centric companies that are likely to benefit from the seemingly exponential growth trend, here are three that I believe will be your safest bets for the long run. Shopify (SHOP) Source: Paul McKinnon / Shutterstock.com Shopify (NYSE: SHOP ) is a prominent up-and-coming e-commerce company that offers websites, tools and back-end support for businesses.
The company is a bona fide market-beater with a long growth runway left ahead.
Gary Guthart''s comments on GLP-1 drugs have concerned some investors, but I feel fine about them.
Even after some recent correction, the S&P 500 index is not far from all-time highs. With the possibility of rate cuts, there is a reason to remain bullish on equities. However, I would prefer to be cautiously optimistic than very aggressive as an investor. In line with this view, it makes sense to sell overvalued growth stocks. It’s worth noting that the market goes through phases of wealth creation and wealth erosion. The drawdown in bear markets can be minimized if investors stay away from or sell overvalued stocks. It makes sense to hold some cash and park some money in low-beta stocks. This column discusses three overvalued growth stocks likely to correct by 30% in the next few quarters. I must mention that these stocks represent companies with strong fundamentals and a healthy growth outlook for the long term. A 30% correction would, therefore, be a good opportunity to consider fresh exposure. Intuitive Surgical (ISRG) Source: Sundry Photography / Shutterstock.com Intuitive Surgical (NASDAQ: ISRG ) is a manufacturer and provider of healthcare equipment.
Given the enthusiasm for artificial intelligence and the broader automation sphere, it’s unlikely that these innovations will fade anytime soon. That said, the tech sector has struggled recently. As Bloomberg put it, Wall Street is getting a wake-up call regarding overexposure to digital intelligence. However, this framework also highlights the importance of exchange-traded funds, particularly AI and robotics ETFs. By their nature, these funds offer risk mitigation. Of course, nothing is risk-proof – I want to be crystal clear about that. However, by spreading exposure across a wide canvas, investors can distribute the probability of downside. Further, if some entities within the basket of securities struggle, the other companies can help pick up the slack. Obviously, that also means maximum upside potential is limited. Even if some enterprises perform swimmingly well, they could be weighed down with the other companies’ less-than-stellar returns. Still, at a time when the tech ecosystem is fighting for traction, these AI and robotics ETFs make plenty of sense.
