This Med Tech Stock Could Take Off

September 18, 2024 | [Read Online]( This Med Tech Stock Could Take Off [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20Elite%20Trade%20Club&body=This%20Med%20Tech%20Stock%20Could%20Take%20Off%3A%20%0A%0Ahttps%3A%2F%2Felitetrade.club%2Fp%2Fthis-med-tech-stock-could-take-off) Good morning. It's September 18th, and in today’s edition, we’ll take a look at General Mills’ better-than-expected earnings, Google’s victory against the European Commission in its antitrust case, and a med tech stock that is poised to take off. Previous Close 📈 Stocks had a mixed session on Tuesday, with the S&P 500 edging up 0.03%. The Dow Jones Industrial Average slipped nearly 16 points, while the Nasdaq Composite added 0.2%. Futures U.S. stock futures are slightly higher today as Wall Street anticipates a potential Fed rate cut. Dow futures are up 0.2%, S&P 500 futures have gained 0.1%, and Nasdaq-100 futures are 0.2% higher. Traders are divided between a 25- and 50-basis-point cut. A larger cut could benefit earnings growth and support the market. Biotech [This Med Tech Stock Could Take Off]( A rapidly growing med tech company just released its second-quarter earnings, surpassing all expectations! Revenue growth has exploded, with a nearly 74-fold increase compared to the same period last year. The company has maintained [an impressive 95% profit margin](, demonstrating strong operational efficiency. Industry experts have raised their price targets once again, signaling an opportunity to get in before a potential major move. With innovative products and increasing adoption in the medical community, this company is one to watch! [Click here to learn more and discover why this stock could be a great addition to your portfolio!]( What to Watch The much-anticipated FOMC interest rate decision will be announced at 2:00 p.m. Eastern, followed by a press conference from Fed Chair Jerome Powell at 2:30 p.m. Eastern, providing insights into the future direction of monetary policy. Apart from this, key housing data, including Housing Starts and Building Permits for August, will be released at 8:30 a.m. Eastern. General Mills (NYSE: GIS) will report its quarterly earnings before the market opens, while Steelcase (NYSE: SCS) will release its earnings after the market closes. Packaged Foods General Mills’ Higher Snack Prices Help Offset Consumer Weakness in Latest Quarter General Mills reported a smaller-than-anticipated drop in quarterly sales, buoyed by price hikes on key products like snacks, which helped mitigate softer consumer demand. The Cheerios maker’s sales fell by 1% to $4.85 billion, slightly better than analysts' projections of a 2.11% decline. Despite the sales performance, General Mills is seeing gross margins slip to 34.8%, impacted by rising input costs and an unfavorable inventory mix. The company reaffirmed its fiscal year 2025 forecast but warned of an uncertain economic environment in its primary markets. General Mills expects gradual improvement in volume trends throughout fiscal 2025, though overall growth is forecasted to fall below long-term targets. Shares of the company are down by about 1.3% in premarket trading. Technology Tech Giants Microsoft and BlackRock Launch $100 Billion AI Infrastructure Investment Group Microsoft and BlackRock are collaborating to raise up to $100 billion to invest in AI data centers and the power infrastructure needed to support them. The initiative, called the Global Artificial Intelligence Infrastructure Investment Partnership (GAIIP), was announced on Tuesday. Other participants include Global Infrastructure Partners (GIP) and MGX, a tech investor from the UAE. The group plans to initially raise $30 billion, with a future target of $100 billion, which will include debt financing. This comes as tech companies rush to build data centers with NVIDIA GPUs, which are essential for running advanced AI models like OpenAI’s ChatGPT. The GPUs require significant power, creating a demand for robust energy infrastructure. Microsoft’s involvement in the initiative adds to its existing capital investments in expanding its Azure cloud infrastructure. Meanwhile, BlackRock's acquisition of GIP is set to close on October 1, further boosting its role in this massive AI and power infrastructure project. Technology EU Court Annuls $1.7 Billion Fine Against Google in Ad Product Case A 1.5-billion-euro ($1.7 billion) antitrust fine imposed by the European Commission on Google has been annulled, as ruled by the EU’s General Court today. The fine, originally issued in 2019, stemmed from allegations that Google abused its market dominance through restrictive clauses in contracts for its AdSense for Search product, which prevented rivals from placing ads on third-party websites. Google’s stock is up by around 1% in premarket trading. While the court upheld most of the European Commission’s findings, it canceled the fine, stating that regulators failed to fully assess the duration of the contract clauses deemed abusive. Google had previously removed the contested provisions from its contracts in 2016, prior to the Commission’s ruling. The European Commission acknowledged the ruling and is considering potential next steps, including a possible appeal to the European Court of Justice. This decision follows a series of recent rulings involving major tech companies, including a $2.65-billion fine against Google and a 13-billion-euro tax ruling against Apple. Smart Dividends [The Dividend Champions | 25+ Years of Rising Dividends]( Thousands of publicly traded companies have a dividend—that means they pay you just for owning their stock. However, only some are able to increase their dividend payments year-after-year. And that’s where the elite Dividend Champions come in… - A stock must have 25+ consecutive years of dividend increases to be included on Sure Dividend’s exclusive Dividend Champions list. There are currently 140+ stocks that qualify for the Dividend Champions list. These are businesses that have increased their dividend every year since the 1990s, despite recessions, wars, pandemics, and changing technology. [Get your free Dividend Champions spreadsheet here!]( Movers and Shakers Intuitive Machines, Inc. [LUNR] - Last Close: $5.40 Intuitive Machines stock is up 53% in premarket trading. The company announced yesterday it was awarded a NASA contract for communication and navigation services in near space, with a potential value of up to $4.82 billion. The contract, which supports NASA's Artemis mission to the Moon, has a five-year base period, with an option to extend for another five years. Intuitive Machines will deploy lunar relay satellites and offer data transmission services, helping to establish a long-term lunar presence. This major contract positions the company as a key player in space exploration, driving investor optimism and the stock's significant rise. My Take: LUNR is nearly 129% up on YTD and has seen a lot of positive news this year, including the first private moon landing and now the NASA contract. This stock is definitely going places. Keep it on your radar. Odyssey Marine Exploration, Inc. [OMEX] - Last Close: $0.50 Odyssey Marine Exploration is surging 84% before the opening bell today. The company won a NAFTA arbitration case against the Mexican government, which was announced yesterday. The International Centre for Settlement of Investment Disputes (ICSID) awarded Odyssey $37.1 million, plus interest, after Mexico's environmental agency wrongfully denied the company’s environmental permit. The ruling supports Odyssey’s claim that the denial was arbitrary and politically motivated. This significant financial victory validates Odyssey's environmental strategy and positions the company to continue advancing its global projects in underwater mineral exploration. My Take: The stock plunged to nearly one tenth of its value yesterday and is on a pullback today. It has extremely high volatility and would be best to keep on your wait-and-watch list for now. VivoPower International PLC [VVPR] - Last Close: $1.25 VivoPower International shares are up 20% so far in premarket trade after announcing a strategic merger agreement with Future Automotive Solutions and Technologies Inc. (FAST). The proposed all-stock merger values VivoPower at $556 million and FAST at $578 million. The merger will see VivoPower issuing 5.72 million restricted shares at $101 per share to FAST shareholders, with VivoPower shareholders expected to own 49% of the combined entity. FAST specializes in hydrogen technology, including converting internal combustion engine vehicles to hydrogen power. This partnership is anticipated to significantly strengthen VivoPower's position in the sustainable energy and hydrogen technology sectors, driving investor enthusiasm. My Take: While the partnership is definitely good news for the company, the stock hasn’t had stellar past performance. It would be best to follow a cautious approach if you wish to enter this stock. Vivos Therapeutics, Inc. [VVOS] - Last Close: $2.80 Vivos Therapeutics stock is rallying by 23% in premarket trading. The company received FDA 510(k) clearance for its DNA appliance, a non-invasive oral medical device designed to treat moderate to severe pediatric obstructive sleep apnea (OSA) and snoring in children aged 6 to 17. This is the first FDA approval for an oral device targeting moderate to severe OSA in children, offering a new alternative to current treatments like surgery. With over 10 million U.S. children estimated to suffer from pediatric OSA, this clearance opens up a significant market opportunity for Vivos, boosting investor confidence and driving the stock higher. My Take: The approval is strong positive news for VVOS. Keep this stock on your radar for growth. Health [Explosive Growth in the Med Tech Sector!]( An innovative med tech company just reported its second-quarter earnings, showing a staggering 74-fold revenue increase compared to the same period last year. Profit margins remained at an impressive 95%, reflecting strong operational efficiency. Analysts have raised their price targets again, signaling this could be a great opportunity for investors. The company’s cutting-edge products are gaining recognition in the medical field, especially for their effectiveness in treating [a challenging health condition.]( With groundbreaking advancements and growing recognition, the future looks promising for this firm. [Click here to find out why this stock might be your next big winner!]( Everything Else - Progress in homegrown chipmaking tech is boosting [Chinese semiconductor]( stocks. - An [AI safety gathering]( is planned for a post-election San Francisco summit. - Investors await new leadership as [Campari]( shares slide post-CEO exit. - [China]( escalated tensions with sanctions on U.S. defense companies. - [Hezbollah pagers]( that exploded in Lebanon and Syria were traced back to a Hungarian company. - The anticipation of Fed rate cuts has driven [30-year mortgage rates]( to their lowest in two years. - [Meta](has partnered with BTG Pactual for a major Carbon Offset purchase in Latin America. - [Tupperware]( is seeking bankruptcy amid financial struggles and planning for a sale. That’s all for today. Thank you for reading. If you have any feedback, please reply to this email. Best Regards, — Adam Garcia Elite Trade Club [Click here]( to get our daily newsletter straight to your cell for free. P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [Privacy Policy]( | [Advertiser Disclosure]( [tw]( [ig]( [yt]( [tk]( *Standard message/carrier rates may apply. Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website, which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside these emails. [Privacy Policy]( | [Terms of Service]( Update your email preferences or unsubscribe [here]( © 2024 Elite Trade Media LLC 1969 Alafaya Tr., Suite #247 Orlando, Florida 32828, United States of America [Terms of Service](