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Abbott Stock Hurt by Macroeconomic Issues & FX Headwind
ZACKS· 2024-09-19 15:51
Abbott (ABT) is facing a challenging business environment globally. Unfavorable foreign exchange impact continues to impede growth. The stock carries a Zacks Rank #4 (Sell) currently.Factors Weighing on AbbottA challenging macroeconomic scenario in the form of the ongoing complex geo-political situation globally, specifically where Abbott operates, is driving higher-than-anticipated increases in expenses in terms of raw materials and freight. This could also result in broader economic impacts and security c ...
Top 3 Dividend Stocks to Beat Market Volatility and Boost Returns
MarketBeat· 2024-09-17 11:38
Dividend stocks are all-weather investments for buy-and-hold investing because they can help reduce portfolio volatility while generating income. Buying them when they are down and building a solid position is the recipe for market-beating total returns over time.Dividend stocks can reduce portfolio volatility because the high-quality payers tend to have ample institutional interest and a loyal following of retail investors who don’t succumb to knee-jerk reactions. If the S&P 500 sells off sharply because o ...
Abbott Laboratories' Best Segment Just Got Even Better: Is the Stock a Buy?
The Motley Fool· 2024-09-16 09:12
The company continues to flex its innovative muscles.Over the past few years, Abbott Laboratories' (ABT -0.37%) business has been a bit of a roller coaster. The pandemic disrupted its medical device business, but it was later able to smooth out those losses by quickly developing and marketing COVID-19 diagnostic tests. However, sales of these products started declining as the outbreak receded, leading to more uneven revenue growth for the company. Throughout it all, one of Abbott Laboratories' segments has ...
Abbott's Still Crushing It
Seeking Alpha· 2024-09-13 19:34
JHVEPhoto Introduction One of the most fascinating things about the stock market is the number of unique companies/stocks we can pick from. Especially in the United States, there seems to be a ticker for every type of business imaginable. However, this also comes with challenges. DexCom, Inc. (DXCM) is a great example of a fast-growing company that has become a disruptor in the healthcare space by offering advanced continuous glucose monitors ("CGM"). This industry is booming and resulted in a total return ...
3 Ultra-Safe Dividend Stocks for Retirees to Buy and Hold
The Motley Fool· 2024-09-13 13:00
These stocks have increased their payouts for decades.Dividend growth stocks can make for ideal investment options whether you're a retiree or a long-term investor. The types of businesses that increase their payouts on a regular basis normally have a lot of consistency in their earnings from one year to the next, making them safe investments. That doesn't mean that all dividend growth stocks are safe options, but many of them are.Three of the safer ones you can put in your portfolio today are Abbott Labora ...
Why Abbott (ABT) Outpaced the Stock Market Today
ZACKS· 2024-09-10 22:55
Abbott (ABT) closed the latest trading day at $117.11, indicating a +0.58% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.45%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%.The maker of infant formula, medical devices and drugs's shares have seen an increase of 8.01% over the last month, surpassing the Medical sector's gain of 3.16% and the S&P 500's gain of 2.54%.Analysts and investors alike will be keeping a c ...
Abbott's Lingo CGM System Gains U.S. Availability: Stock to Gain?
ZACKS· 2024-09-06 14:41
Abbott Laboratories (ABT) recently made Lingo, its continuous glucose monitoring (CGM) system, available in the United States without a prescription. The system comes with a biosensor and a mobile app designed for consumers’ overall health improvement and wellness.The latest U.S. availability of Lingo helps Abbott expand its market presence in the CGM segment.Following the news, shares of ABT fell 1.1% to $113.10 yesterday. However, as the company is gaining a high level of synergies from its continued deve ...
Abbott launches its first over-the-counter continuous glucose monitor in the U.S.
CNBC· 2024-09-05 13:00
Abbott Laboratories announced Thursday its over-the-counter continuous glucose monitor Lingo is available in the U.S. starting at $49. Lingo is part of an emerging class of consumer-friendly biosensors that people can use to learn how their bodies respond to food, exercise, sleep and stress. These devices, called continuous glucose monitors, are small sensors that stick through the skin to measure real-time glucose levels. Glucose is a sugar molecule that comes from food, and it's the body's main energy sou ...
Abbott's Lingo™ Continuous Glucose Monitor for Health and Wellness Now Available in the U.S.
Prnewswire· 2024-09-05 13:00
Designed for people interested in improving their overall health and wellnessProvides real-time glucose data and personal coaching insights based on the body's reaction to nutrition, exercise and life's daily stressorsAvailable without a prescription; explore different purchase options at www.hellolingo.com  ABBOTT PARK, Ill., Sept. 5, 2024 /PRNewswire/ -- Abbott (NYSE: ABT) today announced U.S. availability of Lingo™, the company's first continuous glucose monitoring system available without a prescription ...
Should You Continue to Retain ABT Stock in Your Portfolio Now?
ZACKS· 2024-09-05 11:16
Abbott (ABT) is experiencing strong growth in routine diagnostics owing to increased domestic and international demand. Within Established Pharmaceuticals (“EPD”), the company is driving robust growth in key therapeutic areas, advancing in the biosimilar strategy and establishing financial stability. However, the declining COVID-testing sales and currency fluctuations may restrict Abbott’s growth potential.In the past year, this Zacks Rank #3 (Hold) stock has increased 11.2% compared with the 15.5% rise of ...