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Health Care Select Sector SPDR Fund

GE Healthcare soars 9% on earnings beat, wise guidance. Here’s our new price target

February 13, 2025 by Admin
GE Healthcare soars 9% on earnings beat, wise guidance. Here’s our new price target

Things continue to look up for GE Healthcare stock this year. Shares of the medical technology company jumped roughly 9% on Thursday after delivering solid fourth-quarter results and providing prudent 2025 guidance. While the Club stock left much to be desired in 2024, these numbers boosted shares that were already …

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Embattled Abbott Labs comes through with a strong quarter, buyback announcement

October 16, 2024 by Admin
Embattled Abbott Labs comes through with a strong quarter, buyback announcement

Medical device maker Abbott Laboratories on Wednesday delivered better-than-expected quarterly results and upped its earnings guidance for the third straight quarter. Shares rose more than 1%, shaking off an initially subdued reaction. Revenue in the three months ended Sept. 30 rose 4.9% to $10.64 billion, topping estimates of $10.55 billion, …

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The ‘Trump trade’ has divided health-care stocks into two camps. How to play the next moves

July 19, 2024 by Admin
The ‘Trump trade’ has divided health-care stocks into two camps. How to play the next moves

This year’s presidential election is already sending health-care stocks on a wild ride. Historically, shifts in political control have created “increased volatility” across the health care sector, sending investors “to look for areas of safety,” Raymond James analyst Chris Meekins said in a July 7 note. “This election is likely …

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