Novo Nordisk Stock Pops on Upbeat Earnings
Schaeffers Investment Research· 2025-02-05 15:58
Pharmaceutical concern Novo Nordisk A/S (NYSE:NVO) is up 4.9% at $86.63 at last glance. The company posted strong fourth-quarter results and better-than-expected full-year revenue for 2024, as weight-loss drugs Wegovy and Ozempic reeled in billions, though sales are expected to slow this year amid supply shortages. CEO Lars Fruergaard Jorgensen also spoke to journalists after the report, saying the Danish drugmaker is well-positioned to deal with potential tariffs by the U.S. On the charts, today's pop has ...
Is the Options Market Predicting a Spike in GXO Logistics (GXO) Stock?
ZACKS· 2025-02-05 15:55
Investors in GXO Logistics, Inc. (GXO) need to pay close attention to the stock based on moves in the options market lately. That is because the Feb 21, 2025 $62.50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could al ...
Is VRTX a Portfolio Must Have After Two FDA Nods Ahead of Q4 Earnings?
ZACKS· 2025-02-05 15:55
Vertex Pharmaceuticals Incorporated (VRTX) will report fourth-quarter and full-year 2024 earnings result on Feb. 10, after market close. The Zacks Consensus Estimate for sales and earnings for the fourth quarter is pegged at $2.77 billion and $3.99 per share, respectively. Earnings estimates for Vertex for 2025 have declined from $18.25 to $18.19 per share over the past 30 days.See the Zacks Earnings Calendar to stay ahead of market-making news.Image Source: Zacks Investment ResearchVRTX's Earnings Surprise ...
Should You Buy Pacira (PCRX) After Golden Cross?
ZACKS· 2025-02-05 15:55
After reaching an important support level, Pacira BioSciences, Inc. (PCRX) could be a good stock pick from a technical perspective. PCRX recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves ...
On Holding (ONON) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2025-02-05 15:55
A downtrend has been apparent in On Holding (ONON) lately. While the stock has lost 6.2% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings ...
Here's Why Red Robin (RRGB) Could be Great Choice for a Bottom Fisher
ZACKS· 2025-02-05 15:55
Shares of Red Robin (RRGB) have been struggling lately and have lost 5.4% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the s ...
Does CareDx (CDNA) Have the Potential to Rally 42.25% as Wall Street Analysts Expect?
ZACKS· 2025-02-05 15:55
CareDx (CDNA) closed the last trading session at $23.10, gaining 1.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $32.86 indicates a 42.3% upside potential.The average comprises seven short-term price targets ranging from a low of $24 to a high of $40, with a standard deviation of $6.39. While the lowest estimate indicates an increase of 3.9% from the current price level, the m ...
Wall Street Analysts Think Sweetgreen (SG) Could Surge 25.53%: Read This Before Placing a Bet
ZACKS· 2025-02-05 15:55
Sweetgreen, Inc. (SG) closed the last trading session at $32.90, gaining 3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $41.30 indicates a 25.5% upside potential.The average comprises 10 short-term price targets ranging from a low of $28 to a high of $49, with a standard deviation of $5.76. While the lowest estimate indicates a decline of 14.9% from the current price level, the ...
How Much Upside is Left in Varonis (VRNS)? Wall Street Analysts Think 25.21%
ZACKS· 2025-02-05 15:55
Varonis Systems (VRNS) closed the last trading session at $46.84, gaining 5.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $58.65 indicates a 25.2% upside potential.The average comprises 17 short-term price targets ranging from a low of $46 to a high of $70, with a standard deviation of $7.83. While the lowest estimate indicates a decline of 1.8% from the current price level, t ...
Wall Street Analysts See a 28.08% Upside in Dime Community (DCOM): Can the Stock Really Move This High?
ZACKS· 2025-02-05 15:55
Dime Community (DCOM) closed the last trading session at $32.01, gaining 4.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $41 indicates a 28.1% upside potential.The average comprises five short-term price targets ranging from a low of $38 to a high of $44, with a standard deviation of $2.24. While the lowest estimate indicates an increase of 18.7% from the current price level, ...