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- 📊 AI Takes On Healthcare
📊 AI Takes On Healthcare
Ticker Tea
March 25, 2024
Happy Monday, folks 🚀
Last week, the Federal Reserve maintained interest rates at 5.50%, sparking a rally to a new all-time high on the S&P 500, despite a narrow decision to keep projected rate cuts at three for the year.
Most companies reported positive earnings, except for Lululemon, which saw a significant drop, affecting market sentiment.
This week, market watchers are focusing on a few key earnings announcements, including GameStop (chart) and Walgreens Boots Alliance (chart), and the release of the New Home Sales report, which could influence market direction based on the state of the real estate market.
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» Nvidia ($NVDA) advances in healthcare through partnerships with Johnson & Johnson ($JNJ) and GE Healthcare ($GEHC), focusing on AI in surgery and medical imaging. The launch of new AI healthcare tools at the 2024 GTC AI conference highlights Nvidia's dedication to transforming medical technology and biotech research. (link)
» Amgen's ($AMGN) MariTide introduces a new approach in the competitive weight loss drug market, with monthly injections that uniquely activate GLP-1 and block GIP. This method not only facilitates weight loss but may also sustain it after discontinuation, marking a potential shift in obesity treatment strategies. (link)
» The recent National Association of Realtors’ class-action settlement, while celebrated by many, may not deliver the significant savings to homebuyers as initially hoped, especially in the short term. Experts suggest that any reduction in home prices due to lowered agent commissions will likely be minimal, challenging expectations set by high-profile endorsements of the agreement. (link)
» Bitcoin traders are signaling expectations for a further decline in the cryptocurrency's value, as evidenced by a surge in put option open interest and continuous outflows from Bitcoin ETFs. This bearish outlook, highlighted by a rising put-to-call ratio and significant liquidations, contrasts with the stock market's rally on interest rate cut hopes. (link)
» Fed Chair Jerome Powell signals a readiness to lower interest rates in response to unexpected job market downturns, prioritizing employment stability even at the cost of higher inflation. This approach aims to preempt a job-cutting spiral, offering a hopeful outlook for both the economy and financial markets. (link)
Major ($10bn+) earnings releases scheduled the next five business days 👇 Click here for a comprehensive list of upcoming earnings releases
Today’s economic release schedule 👇 Click here for full schedule & live updates of Wall Street estimates.
A person who never made a mistake never tried anything new.
Albert Einstein
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