Investors who overlooked the robotics industry missed out on Intuitive Surgical (ISRG). Last Thursday, the firm posted impressive revenue and profit growth.
ISRG stock is on a breakout above $450 after the company reported revenue growing by 13.6% Y/Y to $2 billion. Its non-GAAP EPS topped $1.78. Worldwide da Vinci surgical procedures grew by around 17% Y/Y. It now has 9,203 systems in its installed base.
After forming a bullish double bottom at around $73, Starbucks (SBUX) gained 6.85% last Friday. Elliott Management, an activist investor, is known for extracting maximum shareholder value from firms. It acquired a meaningful stake in SBUX stock. The firm also bought shares of Match (MTCH), where it will pressure its management to privatize or buy back shares.
Doordash (DASH) might continue last week’s mini-breakout. DASH stock is on a downtrend that began in March. Growth rates for DoorDash and Instacart (CART) will moderate. Grocery delivery competition is increasing as inflation on a 3-year basis remains high.
CrowdStrike’s (CRWD) failure to check the quality of its updates may send the stock to as low as $150 - $200. The firm caused a global outage last Friday.
Watch W.R. Berkley (WRB) today. The stock is stuck in a trading range despite raising its dividend by 9.1% and splitting its shares in a 3-for-2 ratio.
Related Stories
