Thermo Fisher Scientific News
3 articles
growth-positive
Beat the Market the Zacks Way: CommScope, Micron, Oracle in Focus
The article discusses the recent performance of U.S. stock markets, highlighting gains in major indexes due to cooling inflation data and rising jobless claims. It emphasizes the role of Zacks Investment Research in guiding investors with its methodologies. Notably, Lemonade, Inc. saw a significant stock price increase of 23.4% after being upgraded to a Zacks Rank #2 (Buy) on July 8. Similarly, Interactive Brokers Group experienced a 10.1% rise following a Rank #1 (Strong Buy) upgrade on July 10. The article also mentions the impressive performance of CommScope Holding Company and Wayfair Inc. after their Zacks Recommendation upgrades.
growth-positive
This is the Most Dangerous Week for Investors in 20 Years
The article discusses the potential impact of proposed tariffs by the Trump administration on various industries, including pharmaceuticals, semiconductors, copper, steel, and lumber. The tariffs aim to repatriate manufacturing and reshape the global supply chain. Companies with significant U.S. production, like Eli Lilly, Thermo Fisher Scientific, Intel, and Micron Technology, could benefit from these changes. The tariffs could also boost domestic suppliers like Freeport-McMoRan and Cleveland-Cliffs. The article highlights the potential for a significant shift in the market landscape due to these tariffs, with August 1st being a critical date for implementation.
Growth-Negative
Thermo Fisher Erases $12 Billion Value on China, Biotech Growth Slumps
Thermo Fisher Scientific Inc. has seen a significant drop in its market value, losing more than $12 billion this week. The company, which earns around a tenth of its revenue from China, has been hit by a growth slump in the country and slowing demand from drug makers. This has led to the company cutting its profit outlook for the second time this year. The company now expects adjusted earnings of $21.50 per share for 2023, down from prior expectations of $22.28 to $22.72. The companys stock has lost more than a third of its value from a December 2021 peak.
CustomersLayoffs
