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🤫 Undercover Anti-Obesity Stocks
One has 44% upside. Plus, disgruntled employees cost US firms $1.9 trillion last year.
Happy Tuesday afternoon to everyone on The Street. Here's a snapshot of where markets ended the trading session, plus tomorrow's trade idea delivered to you today.
🟨 | US stocks were mixed Tuesday as Wall Street digested a mixed bag of early quarterly results. There was definitely some profit-taking after the recent run-up.
📈 | One Notable Gainer: TKO Group's stock jumped 15.8% after the company announced that Netflix will air WWE’s flagship program “Raw” starting next year. The 10-year deal is valued at more than $5 billion.
📉 | One Notable Decliner: 3M's shares dropped 11% following disappointing earnings guidance, with projected EPS of $9.35 to $9.75, coming in below analysts' $9.81 expectation.
🏋️♂️ | Tomorrow's Trade: Undercover Anti-Obesity Stocks. Scroll down for more.
Plus, learn about this company that has developed a safe, cost-effective and time-efficient alternative to sandblasting.
YESTERDAY’S POLL RESULTS
🟩🟩🟩🟩🟩🟩 🐂 Bullish
🟨🟨⬜️⬜️⬜️⬜️ 🐻 Bearish
S&P 500 Heatmap. Credit: Finviz
All stocks on US exchanges. Credit: Finviz
Global ADR snapshot. Credit: Finviz
MARKET MOVERS
UAL: United Airlines' stock rose over 5% following a report of higher-than-expected earnings and revenue for the fourth quarter.
BABA: US shares of Alibaba, jumped over 7% after regulatory filings and The New York Times reported its co-founders bought over $200 million in shares.
COIN: Coinbase's stock fell over 3% following JPMorgan's downgrade from equal weight to underweight, citing potential challenges as interest in spot bitcoin ETFs wanes.
LOGI: Logitech's stock dropped 11% due to declining third-quarter sales, despite meeting full-year revenue forecasts.
RUM: Rumble's shares soared over 32%, building on a 36% rise from Monday following its partnership announcement with Barstool Sports.
TOGETHER WITH LASER PHOTONICS
In the world of manufacturing, safety is everything. That is why the EPA and OSHA implement such strict rules and regulations. With sand-blasting and other industrial technologies coming under more and more criticism, laser technology is positioned as the best alternative.
Laser Photonics Corporation (NASDAQ: LASE) has developed a safe, cost-effective and time-efficient alternative to sandblasting. Laser Photonics’ CleanTech lasers are known for their advanced dual-axis technology and cutting-edge safety features that have contributed to the company’s reputation as a world-class laser solution provider.
OVERHEARD ON THE STREET
POLITICO: Russian aluminum products are among the goods in focus for the EU’s next sanction package on Russia, EU diplomats told POLITICO. Shares of Alcoa posted their best day since mid-December and Century Aluminum's stock jumped more than 10%.
CNBC: Johnson & Johnson (J&J) will pay an estimated $700 million to resolve an investigation into its talcum powder marketing.
Bloomberg: Apple is scaling back its self-driving car launch from 2026 to 2028 at the earliest, following board meetings.
Axios: BMW is introducing humanoid robots to its production line, with a 5'6", 130-pound model that assembles machines and charges every five hours, soon to be deployed at its Spartanburg manufacturing facility.
Reuters: Atomic scientists on Tuesday kept their "Doomsday Clock" set as close to midnight as ever before, citing Russia's actions on nuclear weapons amid its invasion of Ukraine, nuclear-armed Israel's Gaza war and worsening climate change as factors driving the risk of global catastrophe.
TOMORROW’S TRADE IDEA, TODAY
Catch the Next Wave
2023 was a big year for weight loss drugs as products like Ozempic and Wegovy exploded onto the market. Manufacturers, like Eli Lilly (LLY) and Novo Nordisk (NVO), saw their stock prices explode as well.
Over the past year, Novo Nordisk’s stock has gained a whopping 50%. If you feel like you missed the big fat gains, don’t worry, Berenberg, a German investment bank, has you covered.
No More Patent Protection
According to Berenberg, two forces will drive the next rally: new clinical data and expiring patents. Novo’s patent for its first-generation GLP-1 drug’s active ingredient is expiring.
With that said Berenberg analysts see an opportunity for companies planning to launch generic versions of the first-generation drugs.
These Stocks are Rated a “Buy”
The German investment bank lists these four stocks as their top “buys”:
Gerresheimer (GXI-DE)
SKAN Group (SKAN-CH)
Sartorius (SRT-DE)
Sandoz Group (SDZ-CH)
Sandoz is the favorite of the group. Analysts are predicting profit margin increases of up to 19% in 2024. Gerresheimer is another company that could see considerable growth, with some expecting as much as a 44% stock price increase over the next eleven to twelve months.
SKAN and Sartorious are their “under-the-radar” picks. The firm believes both, like the other stocks mentioned, will benefit from manufacturing generic versions of GLP-1 drugs.
As millions of people look to slim down, a few of these names might be a way to fatten up your portfolio.
Which stock do you think will outperform in 2024? |
TOGETHER WITH LASER PHOTONICS
In the world of manufacturing, safety is everything. That is why the EPA and OSHA implement such strict rules and regulations. With sand-blasting and other industrial technologies coming under more and more criticism, laser technology is positioned as the best alternative.
Laser Photonics Corporation (NASDAQ: LASE)has developed a safe, cost-effective and time-efficient alternative to sandblasting. Laser Photonics’ CleanTech lasers are known for their advanced dual-axis technology and cutting-edge safety features that have contributed to the company’s reputation as a world-class laser solution provider.
ON OUR RADAR
Bloomberg: U.S. companies lost an estimated $1.9 trillion in productivity last year due to disgruntled employees.
BI: China may establish a 2 trillion yuan ($280 billion) market stabilization fund to counter a stock meltdown, erasing over $6 trillion since 2021.
Reuters: Economists predicted the U.S. Federal Reserve will delay interest rate cuts until Q2, likely June, with less easing than markets expect, per a Reuters poll.
Redfin: Baby boomers without children at home own 28% of large U.S. homes, compared to only 14% owned by millennials with kids.
Reuters: Emmanuel Macron plans to revamp French parental leave pay amid the country's lowest birth rate since WWII, with a 20% drop since 2020.
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